|I leave the convolutions and logic to you guys. But it should be clear that Fitch and S&P are as crooked as the |
rest of 'em (or have you forgotten?) and markets go up in the face of downgrades, once the confusion has been used to someone's advantage.
Life's a Fitch to be on the wrong side of a hard-to-predict market. Logic doesn't have a great track record with prices. If it did, everything would be automated, and wires would come out of pointy-headed skulls. Now all that comes out is noise. Noise can be helpful.