Monday, April 18, 2011

S&P Outlook Downgrade Degrades Stocks

The stock market took it on the chin today, after Standard & Poor's downgraded the credit rating outlook of the U.S. Meanwhile the CBOE's VIX volatility rating has been very low, indicating investors have become complacent and are ignoring bad news. That's not necessarily a good thing for the stock market. This kind of attitude usually appears toward market tops. I'm looking for some better earnings this week and next to propel the market and keep the bull going for another few months. Hopefully, that will happen.

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