RE: 08 here we comeThey have been talking of a S&P downgrade of the US credit rating for most of last week and most have said it should/could be so...well...what a suprise...a downgrade Friday at the close!
Now all of a sudden it's the end of the world economy as we've known it ... LOL!
Somehow I will not accept this to be anything other than panic & fear mongering towards the US & world markets.
That said, I'm holding lots of long positions that I thought were picked up cheap Friday, maybe will have to add to them now ... or bail out when/if I get a chance tomorrow! OUCH!