On Friday, after the market close, the S&P downgraded the U.S. credit rating to AA+. This is the first downgrade for U.S. debt. The Asian markets are falling precipitously. Monday is likely to be the beginning of another significant downturn in the market in the U.S. The U.S. markets will probably be ugly for the next couple weeks and maybe all of August.
So far it looks like "sell in May" was a good strategy in 2011.
For more on New Beginnings, check back every Sunday for a new segment.
This is not financial investing advice. Please consult a professional advisor.
Copyright © 2011 Achievement Catalyst, LLC
Sunday, August 07, 2011
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