Moodyâs downgrades Italy to A2 with negative outlook http://www.forexlive.com/blog/2011/10/04/moodys-downgrades-italy-to-a2-with-negative-outlook/ That is of course not a coincedence...after this brutal short covering rally...
guys that control rating agencies are obviously short. This was move ewposing them too much what and why they do. So, i guess they are desperate. This game involves pension funds that have mandates to invest only in certain grade bonds. These funds right now get raped as they will have to sell italian bonds aster they fall in anticipation. Another lovely way to rob you if you don't take care of your money and leave it to 'expertts' on cocaine.