On the last trading day of this week, the market once again launched a brutal short squeeze (caused by the sharp increase in short selling on Friday), some short sellers' 'anger' and 'fear' controlled the release of individual behavior (such as revenge trading caused by anger, despair closing after fear, etc.).... The market is doing what it has always been doing, starting 100 years ago, endlessly repeating...
iamiam :
sTone83 OP iamiam : Before anyone panics about a ratings company downgrading the outlook on the U.S., just step back and take a look at their record.
It has been meaningless for any major market. S&P’s 2011 downgrade nearly nailed the bottom in stocks.
When it comes to individual stocks, ratings downgrades have been proof that their analysts are no better than hindsight-looking, emotion-driven investors.
This is from an April 2020 research note
Buffalo : Cheers brothers.