Comments on: SEC’s Shapiro: Ratings Agencies Need Supervision

By: cvienne

cvienne — Wed, 15 Jul 2009 03:23:16 +0000

@Lugnut

and to identify myself…

I’m the guy…behind the guy…behind the guy…

By: philipat

philipat — Wed, 15 Jul 2009 00:22:23 +0000

Isn’t it obvious to all that there is an inherent conflict of interests in the present system? Why then, don’t we seem able to move on to the serious debate about how to revise the model? The lobbyists must be making out like bandits?

By: Lugnut

Lugnut — Tue, 14 Jul 2009 21:09:37 +0000

And wghile we’re at it, we also need an agency to oversee the SEC. Make it so

By: flipspiceland

flipspiceland — Tue, 14 Jul 2009 20:27:24 +0000

Won’t mean much if they don’t hire Markopoulos to run it.

By: Its_Science

Its_Science — Tue, 14 Jul 2009 19:54:25 +0000

“Now, we need to open the Ratings Agencies up to competition, and eliminate their special SEC status.”

Exactly. I can get on this bandwagon…

By: call me ahab

call me ahab — Tue, 14 Jul 2009 18:40:27 +0000

E-

QID has been a bit of a dog- in that the range has been about 31 on the low side and 34 or so on the high side for about 3 months

maybe its due for a breakout though- NAZ has been doing better than the other indexes- but I see no reason why tech will tread water when the economy will most likely remain weak for an extended period of time and everyone has priced in a recovery that will probably never materialize-

if you are a real candlestick watcher maybe you could play it on the bottom of the range for a short trade

By: willid3

willid3 — Tue, 14 Jul 2009 18:31:59 +0000

while it sounds good. its only as good as the regulators. which as we have seen can fail miserably. maybe they need to be forced to grade the rating agencies and based on how well they did that job, they either get to keep their special status or not. and we do definitely need to add some new ones. or add a government owned one to keep them honest (if that even possible!!!!!!)

By: Steve Barry

Steve Barry — Tue, 14 Jul 2009 18:27:45 +0000

My thought is should have sold at 90 and bought back at 31 LOL…my long term holding of QID has still strongly beaten the market…and I still see upside as the market and economy are complete jokes.

By: E

Tue, 14 Jul 2009 18:12:33 +0000

SB, any updates on your overall thesis and QID holdings? I”m adding QID at the moment, but the way some of these ETFs behave, I’m not sure what the ultimate upside is. Any thoughts?

By: HoldYourHorses

HoldYourHorses — Tue, 14 Jul 2009 17:05:53 +0000

Can we also stop the government from blindly using these ratings by requiring the AAA rating? … but how can we prevent some other metric becoming a defacto government guarantee?