When will the recession end? Part 214 S&P cuts U.S. ratings outlook to negative

Standard & Poor's cut its ratings outlook on the U.S. to negative from stable while keeping its Triple-A rating on the world's largest economy. "More than two years after the beginning of the recent crisis, U.S. policymakers have still not agreed on how to reverse recent fiscal deterioration or address longer-term fiscal pressures," said Standard & Poor's credit analyst Nikola G. Swann. U.S. stock futures plunged on the news, with Dow industrial futures falling 167 points.

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Yesterday was real fun to watch the reaction. I get the impression that today is a digestive day and stocks are trying to figure out what to do with it.

Telling to me is how the precious metals commodities are doing in relation to the S&P and the dollar. Money continues to seek them out and I get the feeling John Q public isn't paying attention yet.