Video: News Anchors Warn ‘Whatever You Do in Reaction to S&P’s Downgrade, Do Not Panic’


If you’re watching news of today’s dismal stock market dip in response to Friday’s news that Standard & Poor’s downgraded the U.S. government’s credit rating for the first time ever, you might be feeling just a tad anxious. By all accounts, this news seems daunting, yet it’s still undetermined what the long-term effects of a downgrade will actually be. Still, anchors and pundits appear to be struggling with delivering the scary-sounding facts alongside a healthy dose of “Do. Not. Panic.” Move along, folks. Nothing to see here! That’s just a gigantic, red, upside-down arrow that you’ll probably see on your screen a lot more from now on.