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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (38142)	5/9/2011 8:10:02 AM
From: ggersh	1 Recommendation Read Replies (1) \| Respond to of 71475

How many "key meetings" before they have a key meeting? "The (May 16) meeting is absolutely key. It's not going to be the last chance, but the pressure is increasing and things tend to be getting worse and worse. Until then, volatility will remain high and investors are likely to jump on any kind of news and rumours. More clarity is needed."

To: Giordano Bruno who wrote (38142)	5/9/2011 8:42:24 AM
From: ggersh	1 Recommendation Read Replies (1) \| Respond to of 71475

No worries! Greece Downgraded From BB- To B As S&P Believes More Than 50% Principal Debt Reduction Would Be Required Submitted by Tyler Durden on 05/09/2011 08:22 -0400 * Under our sovereign ratings criteria, a commercial debt rescheduling typically constitutes a default. * In our view, there is increased risk that Greece will take steps to restructure the terms of its commercial debt, including its previously-issued government bonds. * Accordingly, we are lowering both the long- and short-term ratings on Greece to 'B' and 'C', respectively. * We are leaving both ratings on CreditWatch Negative.