Well, it happened.
Standard & Poor’s went ahead with its downgrade of the United States' long-term credit rating.
Some of the market responses were completely predictable: stocks are falling, gold is rising. Others were perhaps more unexpected:
Treasurys —the debt issued by the U.S. government—are rallying.
Of course, we explained this last week in our slideshow: What Happens If The US Is Downgraded.
It’s still a great guide to everything happening the markets right now.» View Slideshow
Questions? Comments? Email us at NetNet@cnbc.com
Follow John on Twitter @ twitter.com/Carney
Follow NetNet on Twitter @ twitter.com/CNBCnetnet
Facebook us @