NEW YORK ( TheStreet) -- Yesterday, while millions of Americans waited until the last moment to cheerfully open their veins for Uncle Sam, word came tumbling through the news wires to prove their money was going to a good cause. It was going to the benefit of a needy, bankrupt, slightly shady, poorly governed Third World nation.That's right, folks, Standard & Poor's made it official when it cut its outlook for the national debt from "stable" to "negative." We are now officially a Third World country. While JPMorgan Chase, Citigroup and Bank of America each report billions in quarterly profit, the country in which they're situated is starting to look like Greece, which may have to restructure its national debt.
U.S. Downgraded to Third World Nation
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.