Tomorrow will be the first day the US stock exchanges open up for trading since S&P downgraded the credit rating of the US on Friday from AAA to AA+.
So the big question is what will happen in the markets tomorrow?
In the middle east, the only place markets have opened since the downgrade the news wasn’t too good.
We won’t know how the Asian markets are going to open until later tonight.
I expect a sell off of between 5%-10% tomorrow at least at the beginning of trading in the US
A 500 point drop in the Dow and 100 point drop in the NASDAQ it probably the best we can hope for IMHO.
Of course at the end of the day does the valuation of many high tech, company’s like Apple change because the US credit rating was lowered?
But you should be able to buy it a lot cheaper tomorrow
Of course the bigger question is how are we going to get job growth and the economy going?
What do you guys think?