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TrustCo Bank Corp. NY Message Board

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  • retailguy2 retailguy2 Aug 7, 2011 9:48 AM Flag

    USA Downgraded !!!!!!!!!!!!!!!!!

    I think the market already knew it was coming. Friends talking to friends in high places. Selling before the news hit the market. It was already priced in by the way the market reacted. Now watch the feds go after Standard and Poor.

    The Bob's couldnt sell before the secondary issuance, what would that tell potential investors. So they waited a couple of weeks later and then sold. And what does that tell you about the business if they are selling.

    Im sticking to my original prediction, Im in again when it hits 2.50. Certainly the Bobs selling tells you a great deal. they had their own board meeting (just the 2 of them) the rest are just goom-bas.

    The whole market is headed down. the world economy is in a real mess.

    If we got downgraded what does that tell you about the rest of the foreign countries. The Euro Zone is going to split up eventually. Germany will not support Greece's socialism. It was never going to work. Great idea but political pressures within each country destroyed it.

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