Charting Stocks

Standard & Poor’s downgraded the credit rating of Ireland for the second time this year.  S&P cited the vast amount of money the government must continue to throw at the nations banking system.
The rating was cut down to AA, from AA+,  moving it to the same  level the United Arab Emirates as Japan, and Slovenia [...]

Morgan Stanley’s UK equity strategist Graham Secker painted a bleak economic picture for the United Kingdom. In his morning forecast, Mr. Secker warned that UK profits could fall by 60% in the current downturn – a worse performance than the great depression of the 1930s.
“We now forecast UK profits [will] fall by 60% across 2008 [...]