Monday, November 21, 2011

I THOUGHT EUROPE WAS ALL SETTLED?

Moody's issued a warning on France's creditworthiness Monday, saying that rising interest rates on French government debt caused the difference in yield between French and German 10-year bonds to widen more than 200 basis points last week -- a record for the eurozone.

"Elevated borrowing costs persisting for an extended period would amplify the fiscal challenges the French government faces amid a deteriorating growth outlook, with negative credit implications," Moody's said in a statement.

And didn't Cramer say BUY? SPX Losing thwe 1215 support zone isn't a good sign, has the Santa rally come and gone? FUTURES DOWN -18

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