http://finance.yahoo.com/blogs/breakout/markets-sell-off-no-debt-deal-reached-schoenberger-174021777.html
Standard
& Poors' announced that they would downgrade U.S. debt if the debt issue
isn’t resolved almost immediately. They said they may downgrade the U.S. down a
notch or two regardless of an agreement if the deal isn't aggressive enough.
Todd
Schoenberger, Managing Director of LandColt Trading LLC says "traders
right now know that they gotta get a deal done. If it's not done, markets will
sell-off."
I
couldn’t agree more...in the short term. If the talks fail, there will be so much pressure on the Politicians they will reach an agreement.
The
Navigate the Stock Market analysis is neutral (Hold) today.
I
remain 50% invested. That is my fully
invested position for the time being (until Debt issues are resolved).
