I have been an investor since 1974, and this is my first time to experience a downgrade of the US debt.
I always thought that the debt rating is based on the ability to repay debt. Our country has the ability to print money unlike PIIGS nations. Yes, S&P cite various political reasons, and to me, is a matter of presentation and not a justification for their action.
This week I expect the street to be messy and bloody. Hope you guys will not stop looking for a profitable opportunity. My only advice is not to integrate fear to your investment strategy.