The Financials Review For the week of September 12, 2011 By Pitguru.com French banks are under pressure due to a possible downgrade in their credit ratings. Moody's could downgrade several banks which could drag down overseas trading as well as the stocks domestically. Also, on top of this, Greece's debt issue is apparently not going away. This trader has mentioned this over the past 6 months. Countries are expecting a bailout, but how can the world bailout multiple countries? Wall Street tends to look at what is now rather then look at what could happen. Also, Wall Street looks at one problem at a time and not issues from the past. The issues in the U.S have not gone away and yet France and Greece are in the forefront. Obama is sending in his $447 billion job bill today and is traveling across the country to support it by speaking to lawmakers. Tax cuts could be extended for a year, SS taxes paid could be reduced to 3.1%, and tax credit for those that hire. McGraw Hill is planning to cut costs and break up into two companies. One will be for publishing and the other will be the Standard & Poor's ratings business. The publishing section is looking for a new CEO. Those with money could take a chance and buy sovereign debt of the countries that could default. Wall Street titans are the ones that can take risk to expand their empires. Just like in the financial crisis of 2008, investors found opportunity. When people run the other way, traders look to explore. Being ahead of change is where most might try to make money, not behind it. Because of the limited option, you can view the market chart at Pitguru.com. Disclaimer: Past performance is not indicative of future results. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. The use of stop loss or contingent orders may not protect profits and may not limit losses to the amount intended. Certain market conditions make it difficult or impossible to execute such orders.