We’re getting a reprieve from the European debt
sell-off today. Some say that
Greece
is too small and shouldn’t move the
U.S. stock market
like it has. Others say that the ratings agencies have been overly
aggressive in lowering
Greece‘s credit ratings as they
don’t want to repeat the mistakes they made in giving mortgage-backed
securities high ratings when those securities were highly risky.

Published by Wyatt Investment Research at