GREY:CUDBF - Post by User
Post by
cavedudeon Jan 13, 2012 2:37pm
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Post# 19402140
Stocks Stumble Amid Rekindled European Fears
Stocks Stumble Amid Rekindled European Fears France got its downgrade from three to two stars by Standard and Poor today. US had its downgrade and nothing of consequence came of it.
Wallstreet feels we are still on positive ground:
"
"Better job prospects, lower gasoline prices, and stock market gains are helping to improve consumers’ moods and confidence in the recovery," IHS Global Insight Director of Financial Economics, Paul Edelstein, wrote in a research note.
"While we cannot say that consumers are 'optimistic,' they appear much less pessimistic compared to last summer when news on the [eurozone] debt crisis turned particularly ugly and the debt-ceiling debate was fought."
https://www.foxbusiness.com/markets/2012/01/13/sp-downgrade-report-weighs-on-wall-street/