Petro One Energy Corp CUDBF

RE: The beating as started

[cayo2507]

there is some + coming from U.S.

By The Associated Press

WASHINGTON - Former Federal Reserve Chairman AlanGreenspan says he expects the stock market slide to continue in the wakeof a decision by credit rating agency Standard & Poor's todowngrade the U.S. credit rating.

Appearing Sunday on NBC's "Meet the Press," Greenspansaid markets will take time to bottom out and that he expects a negativereaction on Monday to the S&P action.

But Greenspan also says he doesn't see any risk ininvesting in the United States and says that S&P's downgrade won'tchange that.

The former Fed chairman says the downgrade "hit anerve" and is damaging to the "psyche" of the country. But he says hecan't foresee a scenario in which the U.S. will default on its debts.