Monday, January 16, 2012

The Ratings Downgrade is a No News for the people in the Market

" you should not even be bothered to pay any attention to the rating agencies , everything they have done in the past 15 to 20 years have been wrong .." says Legendary Investor Jim Rogers Chairman of Rogers Holding .European markets haven't let the massive ratings downgrade cast a shadow over trading today, with only a slight fall. On Friday, ratings giant Standard and Poor's slashed the scores of 9 EU nations, including the triple-A scores of France and Austria.