◼ China ratings house says US defaulting: report - Yahoo
A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order.◼ Week Ahead: Stocks Could Get Rocked by Next Wave of Reports - CNBC
"In our opinion, the United States has already been defaulting..."
"Sentiment is still falling. It still hasn't dropped into panic territory. We're still sitting on the sidelines even though we think there is 10 percent upside by year end, " said Citigroup chief U.S. equity strategist Tobias Levkovich. He said the market faces a number of hurdles, including overly optimistic earnings estimates for the second half; the end of the Fed's quantitative easing program June 30, and the contentious debate in Washington about the deficit and debt ceiling.◼ DOW FALLS BELOW 12,000... - Wall St. Journal
◼ Fears that the global economic recovery has stalled pushed the Dow Jones industrial average below 12,000 for the first time since March and drove the stock market lower for the sixth straight week. - Friday's drop extended the longest weekly losing streak for stocks since the fall of 2002. - MSNBC
◼ Nasdaq turns negative - Reuters
◼ Fed Will Buy $50 Billion of Treasurys in Final QE2 Push - CNBC
◼ JPMorgan Forecasts Another Drop in Home Prices - CNBC
◼ STUDY: Most Americans 'won't be able to retire until their 80s'... - WSJ Marketwatch, all via Drudge
