By | April 23 2010 1:32 AM

Daily Outlook: Fueling that bearish fire was news that Moody's Investment Services downgraded Greece's credit rating to investment-grade and left the door open for another cut in 2010. This increases the likelihood of Greece tapping the emergency bailout (though honestly who didn't see that coming?) and further weakens the Eurozone's unity. On top of that there is uncertainty in the fold with other Eurozone countries (PIGS) that further dampens the euro.