Markets red on downgrades More downgrades from Moody’s this time. Spain, Italy, Portugal citing growing risks from European debt markets. I think the downgrades are somewhat built into the markets from other previous agency down grades although there is legitimate debt concern. France, Britain, and Austria for those countries. Germany whose taxpayers that will be mainly be footing the bill for the Greek bailout retains its top rating. I think until Greece actually receives and makes the next bondholder payment the market may ease up a bit on concerns. If we can finally settle things down in Europe Summer markets may be less of a sleeper. Canadian trading volumes are already down this year and last. Cash may become king again this summer. If free speech is allowed this is just my opinion.