I have a subscription to Moody’s bond ratings and it is amazing how fast they are downgrading bonds. I’ve never seen it happen this fast to so many and Moody says more to come. The bond market rules the world so this is not good news. I was always suspicious of some of their ratings before so I guess they are downgrading quick to save some of their credibility. As bond ratings fall stocks will plummet. Hold on, it is going to get interesting.