market folly

This is slightly older (beginning of March), so apologies for just now posting it. But, we figured many readers would still be interested in Moody's 'Bottom Rung' List, a.k.a. companies that are/possibly are screwed. They have assembled this list on the basis of: probability of default of Caa1 or lower, as well as some other companies with negative outlooks and those under review for downgrade. Its quite a large compilation. Do take it all with a grain of salt obviously, as many of these agencies have been behind the curve on downgrading a lot of things in this crisis/recession. So, while they could be hinting at early warning signs of a few companies, they are obviously late to the game on others.