Just when we all thought this sector was about to climb to new highs we get the junk rating on Greece. I couldn’t think of a more aptly named country to throw a spanner in the works than Greece.
Spain and Portugal are closely watching, as is the whole of Europe, what the Greeks do to reign in their debt currently rated as junk.
Still the shorters have made some great gains. Well done.
Beware of Greeks bearing gifts!