Concerns were building over the course of the past trading week as the
negatively skewed economic posts piled up. The pressure was applied by an
intermittent sprinkling of economic data that did not meet up with economists
expectations. These reports included the GDP post as well as the consumer
spending data and the manufacturing report. The major indices struggled for the
majority of the past trading week and finished off thee week decisively lower
overall. The DJIA was lower by almost 6 percent. The Nasdaq was lower by 8
percent and the S&P 500 finished off lower by 7 percent. Now, more than ever,
worries will be exasperated due to the recent downgrade the U.S. suffered
relevant to its credit rating. United States bonds are no longer officially
rated the Triple A rating that they have held for so long. The U.S. has been
downgraded to AA++. The negative ripple effects will be tangible and the major
stock indices will continue to feel the pressure, as will individual stock
values. One company in the green however is Google. According to google finance
stock quotes, Google Inc. ended the last session green by .26 percent closing at
579.04. The 52 week higher for GOOG is 642.96. Frank Matto
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