We're still only half way through the trading session but the S&P 500 stock index futures are down 20.00 full points while the Dow 30 futures are down 200 points after one of the major ratings agencies downgraded the finanacials -- Merril Lynch, Leaman, Morgan Stanley etc. What is significant about this to me is it is the first trading day of the month, a day which in a healthy market has a pretty good track record for being higher. It is also telling us something when it does not rally, which is likely that someone BIG is exiting the market, because despite the end-of-month/begining of month 401K, IRA, ESOP buy only ... (full story)