Tuesday, April 27, 2010

Europe's debt crisis worsening? April 2010

S&P Downgrades Greece to Junk and Portugal's rating also is cut. Is this finally the start of the long awaited downtrend in the markets? Is Europes debt crisis going to get out hand and push the world economy down with it. Stock markets are selling off heavily today and may be start of the trend of downward momemtum and the contagion from the Greece crisis may be a cascade effect. Portugal is next. If you look at the stock markets its had its nice run for over a year now, its time to take some money off the table and give it a wait and see approach.