Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (23035)	8/6/2011 2:07:31 PM
From: Wayners	2 Recommendations Read Replies (1) \| Respond to of 220484

I agree GZ, maybe get a gap down on the "bad news" of the debt downgrade, but IMO the uncertainty behind a downgrade or no downgrade was a lot worse. I think a large portion of the selloff we saw was attributable to S&P leaking their downgrade decision to their favored clients last week. The rest of the selldown was from currencies like the Yen selloff, the Euro didn't sell down that much, not enough to cause what we saw. The retail investor will sell the open on mondy and it will be bought...and we reverse upward. I'm glad S&P didn't sit on their decision for weeks or months with that constant uncertainty.