S&P Downgrades US Credit Rating to AA-Plus

[ProVobis]

Asian stock markets jump on Fed’s low rates pledge fxn.ws/qnGZXP

We don’t know if that’s the real reason. The US market tanked quite a bit just after the Fed announcement before it bounced back. The morning trend indicated an up market even before the Fed.

All these central bank announcements of low interest rates and easy money have driven gold prices to over $1700 now. It was at $200 in 2001.

Futures down just before the US markets open.

 

[gilliam]

Here we go again:

Dow loss reaches 325 points in continued early sell-off. CNNMoney.com

 

[ProVobis]

The power of mass hysteria.

Economists need to study market psychology, IMO.

Gold prices are probably better indicators of the world’s poor fiat currency system than S&P.

 

[MugenOne]

Another classic pump and dump on Wall Street today. As usual, mom and pop investors are holding the bag again.

That said, algorithm-bots are trading each others. Fundamentally, the U.S. Market is still sound. longterm investors should stay put or buy more if given opportunity.