08-06-2011, 07:46 AM
I have a feeling we will see a bounce on Monday. Now that the downgrade is out, I can see it being a "sell on the news" (in reverse) type of thing.
I will say that it is VERY suspicious that the market got hammered so much BEFORE the S&P downgrade. I'd lay money that news leaked out to some big players earlier in the week, and that led to the massive selloff.
The other big factor for Monday is the big meeting in Europe on Sunday. If they come to a big deal on the European debt crisis that could spark a big rally. Or the opposite if they don't.
I will say that it is VERY suspicious that the market got hammered so much BEFORE the S&P downgrade. I'd lay money that news leaked out to some big players earlier in the week, and that led to the massive selloff.
The other big factor for Monday is the big meeting in Europe on Sunday. If they come to a big deal on the European debt crisis that could spark a big rally. Or the opposite if they don't.
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market