s & p downgrades us debt , page-71

Shimmer from my post # 6989078 dated 27/7/11

http://news.yahoo.com/deal-no-deal-us-downgrade-looking-likely-215151805.html


Excerpt:

A cut to the U.S. credit rating could hit stocks harder than bonds. A study by Janney Montgomery Scott looked at rating changes to countries over the past decade. After Spain was downgraded in 2009, Spain's stock market fell 8 percent in three months. A cut to Japan's credit rating in 2011 knocked the country's stock market down 3.4 percent in three months. The study, released in April, suggested the S&P 500 would fall 6 percent after a U.S. downgrade, erasing all its gains for the year.