Summer Stock Production

The fall of the market is entertaining. Like Rome set aflame by Nero. S&P downgrades the US debt and the money flows into the US bonds. S&P is probably unhappy with  the government spending tons of money to correct the mess created by the S&P failure to properly rate all the companies holding bad mortgages.

Daughter got married

Have a good life. Did not get drunk.

Out of step with no change

The deal on debt produced nothing. So why did the market tank? I understand when the market goes up following some unexpected good news. The news had been bad for a while. All these bright guys moving the markets did they really  expect major things? Why was the market high in first place? And now the debt rating of the US is lower. Nothing changed and nothing is surprising. Why was it not lowered a month ago?
Is it true that  the market is run by bots?
Hey bots, tell us the truth.