Despite Raising Debt Ceiling, U.S. Loses AAA Credit Rating

[Roy Karrde]

I work at a stockbrokers, my computer has a direct link to the stock exchanges so I'll be seeing it first hand.

The systems were slow as hell on Friday anyway due to the sheer volume of trading going on, Monday will probably be even worse.

So what do you think? Over/Under that it is worse than Thursday?

[Heald]

So what do you think? Over/Under that it is worse than Thursday?

Initially under. Prices will drop, but then I reckon the week end will give plenty of people to assess what stocks they reckon will be having their prices cut but in the long term will recover to their original levels in a decent timeframe, so it's a very close call. I reckon DJI will be up very slightly, FTSE and NYX down.