Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Apr 29 4:00 PM EDT

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To: Qualified Opinion who wrote (42985)	1/1/2013 10:13:12 PM
From: Mr. Aloha	1 Recommendation Read Replies (1) of 211293

After congress voted to raise the debt ceiling on August 2, 2012, the credit rating agencies downgraded U.S. debt for the first time ever, yet the market continued to rally strongly for another month+. I'd agree that debt downgrades will be negative for the economy, but that shouldn't be a reason to stay short in the face of a relief rally if the fiscal cliff vote passes. IMO, the time to short will be after the resulting rally, which could last quite a while.

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