Gyroscopic Investing

Posted: **Fri Feb 22, 2013 6:47 pm**

Looks like Moody's just downgraded the UK's credit rating.

Wish I owned some Glits!

Posted: **Fri Feb 22, 2013 7:21 pm**

Is this the hip new way to say 'gilt', the way some young Filipino-Americans refer to themselves as "flip"?

Posted: **Fri Feb 22, 2013 8:56 pm**

These ratings agencies are so stupid. It's staggering.

I can hear the Harriers warming up now to buzz the UK Moody's offices.

Posted: **Fri Feb 22, 2013 10:11 pm**

dualstow wrote: Is this the hip new way to say 'gilt', the way some young Filipino-Americans refer to themselves as "flip"?

Stupid American.

Posted: **Sat Feb 23, 2013 1:01 am**

dualstow wrote: Is this the hip new way to say 'gilt', the way some young Filipino-Americans refer to themselves as "flip"?

The Glit is the British version of the Gimp of "Pulp Fiction" fame.

Moody's has been building a box in its basement to hold the Glit.

Posted: **Sat Feb 23, 2013 11:00 am**

i am pretty sure "Moody's and the glit" was a two hit wonder pop band during the "British invasion" in the 1960's.

Posted: **Sat Feb 23, 2013 4:27 pm**

This is pathetic to even ask but what happened to their bond rates after this announcement? I'm way too lazy right now to try and find out.

Posted: **Sat Feb 23, 2013 5:50 pm**

Desert wrote: "This has been speculated as inevitable and is most likely largely in the market. I would expect only very limited damage to the gilt curve and to sterling. Historically, losing your AAA is actually a bond bullish event," he said.

It's sort of like the way reports of a viral outbreak among unicorns will often have little impact on the unicorn futures market.

Gyroscopic Investing

Moody's and the Glit

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