Overnight, European markets sell-off while US Sovereign Rating is DOWNGRADED from A to A- with a NEGATIVE
OUTLOOK by Chinese Credit Agency Dagong. This is significant because China holds a significant amount of US Debt at least for now The European Market sell off is the old "sell on news". People locking in profits, US markets will do the same today. Additionally, since essentially all our government did was "kick the can down the road for 90 days" this will continue to over shadow the US Markets. Smart investors will realize this and will be cautious, while idiots will jump back in full force.