Tuesday, December 6 Market Recap

TUESDAY (DJIA +52) After the markets closed yesterday, S&P put the ECB and 15 of the 17 Euro currency countries on negative credit watch. This indicates a 50/50 chance of a downgrade within the next 90 days. Everything depends upon action taken by political leaders, and this week is a critical week. The ISM Non-Manufacturing number for Nov. was positive, but a little lower than expected. The market rose on light volume after a report that that second Euro bailout fund might be created in order to add bailout firepower.