Wanted to know who all is going all cash this weekend? Hopefully it will be more quite than last weekend craze with all the debt ceiling debates.
Also, next week will be a busy week with the Fed meeting on Tuesday ,also, Housing Starts, Industrial Production. PPI ( Producer Price Index) and CPI ( Consumer Price Index).
With the markets being very sensitive to economic data, large sell off and large run ups; I see next week being very volatile.
You never know, but I think we are going down...Retail investors will panic. Some funds that require AAA or better rated companies may be required to sell certain US stocks and bonds. I raised some cash the week before last & wish I had raised more. Other than the embarrassment, the downgrade while arguably deserved does not change the profitability of companies.I am strapping in for Mr Market's wild ride...
Oh for a crystal ball!