some turnaround today . the chairman of the federal reserve will be a sharing his comments shortly . but the market for the most part today has been moving positively . however the market does not like uncertainty . there is kind of the state of fear and panic but there is a silver lining to all of this . fear and panic could also breed opportunity . today many investors went bargain hunting after yesterday s giants sell-off others sought sanctuary in gold . cool is beginning to rally people cannot get their hands on that asset quite enough . politicians are still bitter over the way that that debt ceiling was handled last week that standard and poor s downgrade was awful they focused exclusively almost on politics and noneconomic they are not talking about any intrinsic weakness is in the american economy . even though standard and poor s downgraded the united states from its aaa rating to aa + . the average investor or the bond market doesn t seem to care about that
realize there would be lots of volatility when the markets opened this morning and it has sent shivers through wall street we ve seen a great deal of activity . you heard the expression to understand their do something well advisers are telling you to do the opposite . the u.s. is still a safe haven and worthy of short-term investment . china and japan have lower ratings and europe spain greece and italy and portugal are all worse off than the united states . many investors are flocking to gold which is soaring like a rocket . people don t generally know what s going on in the world when you see gold moving the way it is that some people out there scared and not really having an idea of what is truly happening . all of the uneasiness has been brought to the surface following that acrimonious debate that we witnessed on capitol hill of the last month . everything got pushed off because the u.s. could not get the debt ceiling and the budget act together . the gdp numbers