Very smart thinking DDzx. But would a downgrade by S&P really warrant a 500 point drop on the Dow?
We rarely get to know what the big players are thinking when markets move and mainstream media just puts educated guesses in like recessionary fears.
What is everyone's consensus on how markets will move tomorrow? Incidentally our market was already expecting the big drop on Thursday when it started tanking on the Dow even before the Dow tanked so it seems word had already gotten out in Asia. Friday was just reflecting the Dow's movement on Thursday.
