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Enterprise Products Partners L.P. Message Board

  • masoy.philippinski masoy.philippinski Aug 7, 2011 12:12 PM Flag

    S&P US Debt Downgrade

    I have been an investor since 1974, and this is my first time to experience a downgrade of the US debt.

    I always thought that the debt rating is based on the ability to repay debt. Our country has the ability to print money unlike PIIGS nations. Yes, S&P cite various political reasons, and to me, is a matter of presentation and not a justification for their action.

    This week I expect the street to be messy and bloody. Hope you guys will not stop looking for a profitable opportunity. My only advice is not to integrate fear to your investment strategy.

 
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33.72-0.01(-0.03%)May 22 4:02 PMEDT