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Corning Inc. Message Board

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  • chethc chethc Aug 6, 2011 2:45 PM Flag

    What to expect Monday in the markets....

    Relative to your post, a couple of financial commentators said that the sell-off in Wall St. last week was in anticipation of the S&P downgrade and that this anticipation was as they said, "baked in into the cake." S&P had previously said there would be a downgrade if the debt ceiling crisis wasn't resolved satisfactorily-----which it wasn't. It was a charade.

    Although, none recommended buying on Monday morning.

    Wall St. always goes extremes in both buying and selling, so I would sit tight and see how this plays out.

    Also, keep in mind the Federal Reserve will be meeting on Tuesday and Wednesday of this week.

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