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Friday, August 5, 2011

Main Street Forgotten...

Whipsaw!  Wall Street cries that it is a victim of Standard & Poor's downgrading US to only AA+ from AAA+ status...markets tumble...it is a weekend...late summer...Congressmen and Congresswomen are on vacation....Main Street sleeps away...

Back street and back market people are enjoying the ride of their life with volatility.  It is a market for the most seasoned Vegas minded investors...they might be enjoying this....

Main Street people are sleeping...seeing the TV news...not sure how to do anything....how could they anyway?  401k's?  Pensions...forgotten...

Who is Standard & Poors anyway?  What man made this decision?  What committee?  Names, please?  Transparency?  No, they cry out for it, but are their home addresses in Connecticut listed?  I can't imagine why...

Main Street is ubiquitous.  No address.  No Connecticut suburb...no address, no name...

Huge losses.  Societal toll.  Global market chaos.

It will be a nice peaceful, sunny afternoon on the weekend in Connecticut... 

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