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  • markweber348 markweber348 Feb 26, 2008 9:08 AM Flag

    Sqwuak Box & jack Welch

    That is a good point. Only a fool would trust Moody's and S&P and even more of one would purchase or sell stocks based on anything they say.
    What is holding the market up this morning? PPI is 1%, they expected .04. Core PPI is .4 and they expected .2 Home Depot warned, foreclosures are up 57% from last year. If inflation keeps up this pace, or anything close to it, the Fed will have to raise rates to combat it. I bet they will tear apart the report and exclude medicine and whatever else was high and say "well if you exclude medicine and ...... then the inflation rate is only ......." Just like they did yesterday with the S&P on CNBC. they said "If you take out the financials then the S&P is growing at a much faster rate". LOL financials are a HUGE portion of the S&P, you cannot simply exclude them and think everything is ok. I can't believe these people on CNBC and Fox business network get paid to say such stupid things.

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