With lightning speed, the rating agency- Standard and Poor's- has downgraded the United States debt situation. http://money.cnn.com/2011/04/18/news/economy/us_credit_rating_outlook_lowered/index.htm
This situation has existed for the last 3 years ever since corrupt and criminal bankers managed to extort a few trillion from the American taxpayer. Now that bill is due.
This is the first actual financial shock wave of the year and still may not jolt this country into the appropriate awareness of just how bad our economic/debt situation is. It is fucking horrible. http://www.usdebtclock.org/ However, I have good news.
As an individual, you still have time to open a margin account and short the shit out of American equity markets. Because sooner or later, someone has to pay that ginormous bill. That means higher taxes or bankruptcy/default- either way- corporate profits have to suffer. Collapsing equity markets most likely will occur before the 600-800 billion dollar POMO FED counterfeiting scheme grinds to a close in June. The smart money knows this- they will be looking to unload over priced equities onto unsuspecting investors. Do not feel one ounce of guilt shorting American markets or profiting from "make believe financial recoveries." We did not create this situation. Your FED did. Now even Standard and Poor's is recognizing it.