Dumb Investors

“One of the most perverse things I’ve seen in 25 years of doing this is that S&P downgrades the United States government, and investors’ reaction is to run towards the securities that they downgrade, selling businesses without asking at what price,” Kevin Rendino, a money manager at BlackRock Inc.,

http://www.bloomberg.com/news/2011-08-25/s-p-prompts-1t-stock-loss-with-u-s-rating.html