understanding the psychology of behavior

The S & P Rating Agency is an absolute joke.

I do not know what is funnier, the Joke of a rating got reaffirmed or the market went up because of it?

As if the rating agencies have ANY sway with their rating anymore. (Granted this does prevent further write downs, but its a joke… everyone, and I believe their mothers, know these firms should have been downgraded.)

This entry was posted on Monday, February 25th, 2008 at 5:12 pm and is filed under editorials. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.