Stock Market Crash Trading Strategies Of Greg Roy And His Stock Crash Insurance Guide!
Businessweek.com reported that the stock futures gained today after the S&P 500 Index fall that happened on August 8th on the downgrading of the US debt rating from AAA to AA+. This S&P 500 Index slump was the worst since the stock market crash of 2008. This slump happened on the fears that the downgrading of the US debt rating will further worsen the country’s economic slowdown. But today, the stock futures gains the early hours of the trading eased these concerns and indicated that S&P 500 Index will regain itself. Investors are eagerly awaiting the results of the FED meeting scheduled today. Market analysts are of the view that we should expect once again a bumpy ride in the near future.
Businessweek.com reported on August 8th: "Equities extended losses today as S&P also lowered credit ratings on Fannie Mae, Freddie Mac and other lenders with a “direct reliance on the U.S. government,” spurring concern over the ripple effects of the loss of America’s AAA rating. Stocks tumbled further after S&P changed the outlook for Warren Buffett’s Berkshire Hathaway Inc. to negative from stable."
While NYDailyNews.com reported: "Asian stocks sank, extending a rout that has wiped out $7.8 trillion in global equity values, oil fell below $80 a barrel and gold jumped on concern the loss of the U.S.'s AAA rating will exacerbate a slowing global recovery. Treasuries slid and Standard & Poor's 500 futures erased losses."
Follow Technorati