By Ilene (Guest Post)
After an amazing week of whipsawing market action, we explore why trading was so erratic and conclude that the days of fearless dip-buying and trust that “The Powers That Be” can support the markets may be coming to a messy end. (Excerpts from Stock World Weekly) Standard & Poor’s downgrading U.S. debt from AAA to AA+ after the market close on Aug. 5 contributed to the following Monday’s steep selloff. But instead of the downgrade of U.S. debt leading to lower Treasury prices and higher yields, as might be expected, the reverse occurred. “Investors feel…
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