As for downgrades, is the worst over for America? Standard & Poor's managing director John Chambers said just Sunday that another U.S. downgrade can't necessarily be ruled out. 24/7 Wall St. says the U.S. isn't the only country that should put on the watch list.
Standard & Poor's downgraded the U.S. debt rating for the first time on Friday. Coming on top of concerns of a second recession, the move has investors worried that we're headed into a bear market for stocks. Here's what a bear market would mean.