The S&P fell 1.5% Monday as ratings agencies expressed skepticism about the effectiveness of the new European pact agreed to in principle last week. The new fiscal requirements are not viewed as a game-changer by Fitch, Moody’s and S&P, and their commentary cut risk appetite over the weekend. Stocks did surge into the close, however, to close off the lows. The market continues to…
View the full post at http://blog.t3live.com
