Be Afraid of the Rating Agencies
Submitted by theStockMasters... on Sun, 12/18/2011 - 21:39
Fellow Masters, our stocks may get killed this week if the rating agencies start to thumbs down major EU countries. They went on record this week that Belgium, Spain, Slovenia, Italy, Ireland and Cyprus could be downgraded in the coming weeks.
Move over Sith, the Rating Agencies are the new evil.
Fitch -- Belgium, Spain, Slovenia, Italy, Ireland and Cyprus are all facing possible downgrades by the ratings agency.
Standard & Poor's - Warned that it could next week downgrade some or all of the 15 eurozone countries it has on review.
But France's status is not under threat, despite reports that it was on a hit list of countries that would be downgraded.
Should the downgrades occur get ready for a wild ride, stocks are going to go crazy and the iPath S&P 500 VIX Short-Term Futures ETN (VXX) may be the only clear investment choice.
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