It is going to be bad. Very bad.
Moreso for countries strongly linked to the US.
Those are my predictions and btw I've had a better track record that the talking heads on the tube recently.
Dow futures opens at about 1900 Eastern Time tomorrow. Expatguy should know when the Nikkei futures open or the market there opens. I think that will be the first indication of reaction that matters.
There is nothing happening in the markets that I am aware of right now. Even after hours trading is stopped.
Doing this announcement on a Friday evening was just downright hateful. They knew what they were going to do early last week.
The David Beers guy that heads the S&P bunch was just on CNN and says uhhhhh more that oblabla. Don’t judge a book by its cover but he seems like a dim bulb.