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I was invited to Q13 Fox News again today. I was there to talk about the Standard and Poors downgrade of U.S. debt.
It's hard to notice, but I actually say that I think the markets will be up by the end of the day. Luckily, I didn't say equity or bond. I was right on the bond part and totally wrong with the equity market. I went on at 7:15 PDT when the Dow was down 211 points. Later, the Dow Jones Industrials closed down over 600 points. I stand by my prediction that the debt downgrade will be uninteresting in the financial markets in a year but still very political.
Oh and what did I trade?
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