Keith Springer Financial Advisors

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S&P Ratings Cut to U.S. Debt

Posted on August 8, 2011 by Keith Springer

The S&P ratings cut to U.S. debt is creating more of an emotional reaction to the stock market than a rational one. The cut from AAA should have pushed treasuries down and yields higher but the opposite has occurred, which clearly shows that the world does not doubt the credit worthiness of America.

The side effect has had an overwhelmingly emotional impact to the stock market, as individuals feel that same pit in their stomach they felt 2 years ago and start to panic. Events are unfolding just like you read in my recent book, Facing Goliath – How to Triumph in the Dangerous Market Ahead, with global growth drastically slowing and the international debt crises getting worse. This is not a plug for the book, just a reference to what is going is going on in the world economies and how to prepare.

In markets like this, it is critical to make sure you are working with someone that knows what they are doing and understands what is going on. The price for being wrong is too great. If you would like to talk about the economy, the market or just want a free 2nd opinion on how to protect your portfolio, give me a call – 916-925-8900.

Regards –Keith

About Keith Springer

Keith Springer is FOX40's Financial Analyst , author of "Facing Goliath: How to Triumph in the Dangerous Market Ahead", radio host of "Smart Money with Keith Springer" on 1530 KFBK, editor of "Smart Money Newsletter", a financial planner, a market technician, a financial writer, multinational philanthropist, founder of Top Down Tactical™ and President and founder of Springer Financial Advisors in Sacramento CA, an SEC Registered Investment Advisory Firm. He has developed a proprietary process for successfully building tax-efficient and retirement portfolios and has been providing specialty wealth management services for over 27 years. He can be reached at 916-925-8900 or Keith@KeithSpringer.com.

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This entry was posted in Mini Updates and tagged AAA, credit worthiness, cut, debt, emotional impact, facing goliath, Keith Springer, markets, panic, ratings, S & P, side effect, treasuries, yields. Bookmark the permalink.

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