Sunday, October 23, 2011

Is another Ratings Downgrade for the U.S. in the Cards?

At least one leading analyst seems to think another downgrade is a distinct possibility by the end of this year, especially if the bi-partisan Congressional debt reduction committee is unable to reach consensus in the coming weeks. Between this and the uncertainty in Europe in advance of the coming G-20 meeting, makes me think we should be thankful for the exceptional market recovery of the past couple of weeks and take any gains off the table.


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