Archive for August 8th, 2011

Short-term Forecast for August 8, 2011

Short-term Forecast for August 8, 2011

| August 8, 2011

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Stocks Plunge in Response to US Credit Rating Downgrade

Stocks Plunge in Response to US Credit Rating Downgrade

| August 8, 2011

Stocks Plunge in Response to US Credit Rating Downgrade As expected, the S&P 500 index declined sharply in response to the credit rating downgrade at Standard and Poor’s, plunging more than 6%. The index has lost 11% since breaking below support at the lower boundary of the long-term consolidation formation and nearly 17% during the [...]

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