The stock market's value dropped about 6% yesterday. The bond market and the commodities market dropped as well except for gold. US Treasuries and gold were about the only things that increased in value. It's difficult to blame the drop on Standard & Poor's lowering of our debt rating from AAA to AA+. Our debt is covered by our Treasury notes and they went up. This market indicates a general ill feeling about the world economy. I'm afraid real recovery is far into the future...probably not before the next president is inaugurated. Play it close to the vest.
:)
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