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
No comments:
Post a Comment
Comment guidelines: My Wealth Builder will publish comments that are about the topic and do not contain inappropriate language. My Wealth Builder reserves the right to edit or delete comments for any reason which includes those that have advertising (either for a product, website, or blog), contain inappropriate language or are not about the topic.