webral spot on, I actually stated the same thing on another...

webral spot on, I actually stated the same thing on another thread. US markets knew early Friday morning that the downgrade was coming and thats why the employment figure got sold into. The rumour spread quickly and the DOW tanked, but as soon as the ECB stated they are going to but Italian bonds it shot back into positive territory. We all know the yanks are having cashflow problems, even my 2yr. old knows, its the European problems what the markets are focusing on because of the uncertainty.