credit rating: U.S. Credit Rating Downgrade
- 08/17/11 04:47 AM
One of the interesting aspects of the U.S. credit rating downgrade from AAA rating from to AA+ is that S&P has been signaling they would make this move for several weeks prior to the announcement on August 5th. It was not a big surprise to investors. In my view, as far as U.S. equity markets are concerned, the U.S. credit rating downgrade was merely a catalyst for the stock market to accelerate it's correction. Markets do not have to behave rationally. 80% of the summer slide had already been accomplished before the announcement. A new low was made the Tuesday following … (1 comments)
One of the interesting aspects of the U.S. credit rating downgrade from AAA rating from to AA+ is that S&P has been signaling they would make this move for several weeks prior to the announcement on August 5th. It was not a big surprise to investors.
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