Markets always price for the worse, then row back when it doesn't happen, ... In this case, as soon as Rita was downgraded, the dollar jumped in a relief rally. It's as simple as that.
Quotes about downgraded (11 Quotes)
The problems are really isolated to the consumer end of the PC market in Europe, and that's being reflected in Dell and Gateway, ... We downgraded Intel this morning, but the stock's fall has factored in most of the revenue shortfall.
Any Mexican, would recognise that Mexico was abused, undervalued and downgraded in international circles, most of all by the United States.
I think the earnings thing was the big thing. And even before that figure was announced, the earnings for the year had been downgraded from above 5 a share for the past two quarters.
The stock had gone through that trigger price, but the credit had not been downgraded.
The company issued three contradictory media releases concerning its forecasts. An overly optimistic forecast was made on February 28 and on April 28 the profit was downgraded to 20 per cent below the 2003-04 results.
I've downgraded from a truck to a Blazer two weeks ago and I'm still losing money on gas. It's even worse for those of us who don't have the capacity to move down to a smaller (vehicle).
This is going to affect everybody. I'm just in private practice... I'll continue to see my patients like I have been seeing them. But we have people working in the operating room and the emergency room and it is going to be downgraded. Those people are going to hope they can fit into the new transition. They probably won't.
The hurricane has been downgraded slightly, so prices will tend to ease, but they could just as easily head higher again if the weather forecast dictates,
What happened is that initially the market breathed a sigh of relief when the storm was downgraded to a Category 4 and missed New Orleans, ... they are starting to look at the damage more seriously. We are seeing further upward pressure on oil prices. People are starting to think about the many aspects of the destruction here.
When we downgraded the PC stocks in September, we were concerned about signs in the weak consumer demand -- which has continued to deteriorate. Now we are seeing signs of this weakness spreading into smallmedium corporate and of aggressive pricing in low-end servers. This weakness is bound to spread.