Today, the market is preparing for doom with a pretty good opening hour rally (Dow up 210, S&P up almost 16). Flight to stocks?
Makes sense to me, stocks are a hard asset. A dollar down grade would prompt a dollar devaluation so hard assets would be a good thing to have to ride out the storm. Not seeing much movement in gold, I would expect gold to be up too. Maybe the smart people think 1600 is too much for gold and stocks are a better deal.