The stock market has been on an erratic ride all week since the S & P downgrade. It appears that the market is very undecided about what is going to happen, reacting in an amplified manner to any good or bad news this week. The indexes are using both bad and good news to piggyback on the S & P news to justify it’s fears and concurrently it’s hopes, not having anything solid to base a steady upward or downward slide.
It will take one or two more weeks for it to chart it’s short and medium term course. Stay tuned while the wild ride continues.