There Must Be an Angel (Playing with The Chart, Yeah)
Everything is heavenly, as credit rating agencies screech into a U-turn.
by Murray Gunn
Updated: August 12, 2021
"Who would want to be a credit rating analyst? It seems that credit rating agencies can't do right for wrong and are always being criticized for either being late or early. Before and during the so-called Great Financial Crisis of 2008, rating agencies such as Moody's, S&P and Fitch, stuck with their rose-tinted view on the outlook for corporate and mortgage debt despite flashing red signals of a debt bubble, only downgrading swathes of bond issuers after it burst."
Join Club EWI to continue reading.
Create a free account and join Club EWI. We’ve helped over ½ million traders and investors learn to use Elliott waves. You get:
- Full access to Elliott Wave Principle — Key to Market Behavior
- Exclusive articles and interviews with our analysts
- Invitations to access our premium analysis
Ranked #1 for Customer Care 2020