i'm analyzing the market activity during the course of the goldman hearing, not after. based on the period of time in question and the recent activity, your reasoning was proven false.
I dont know how delayed your feeds are but go back and check, the market sold off precisely the second the downgrades hit the tape.
and you really think goldman doesn't know when these downgrades are about to happen? piece all the events and it all ties together.
Too funny!!! take the big stick out of your arse and learn the markets, then you dont need to look at what others know or dont.
Excellent point! After all, when the boss (GS) says jump (or downgrade), the rating agency says how high (or low).