Gary, -Thoughts on the downgrade and it's effect on the SPX / SPY short term ?
Reports i'd read over the last 2 weeks gave a 50/50 chance of a downgrade, (before the debt deal) and called for a probable 10% correction on the SP500 if it occured. Of course at least 6 or 7% of this seems to have been pricing itself in during the days leading up.. 308
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Gary, -Thoughts on the downgrade and it's effect on the SPX / SPY short term ?
Reports i'd read over the last 2 weeks gave a 50/50 chance of a downgrade, (before the debt deal) and called for a probable 10% correction on the SP500 if it occured. Of course at least 6 or 7% of this seems to have been pricing itself in during the days leading up.. 308
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