More bad news The news could not be worse: Standards & Poors downgrades US credit rating
Borrowing costs to increase on US debt means less $ for stimulus
Many funds are required to only hold AAA rated bonds and this may cause the dumping of US debt on to the market resulting in bond prices dropping and yields raising.
This is another hit the markets do NOT need. Monday may be a repeat Thursday's free fall.
I only hope not. Maybe cooler heads will keep the market stable Monday