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They are not morons, but really "smart" people. They downgrade things because they (or more likely their clients) want the downgraded ones.
The rating agencys are not to be trusted when it comes to rating governments around the world. The economic news media is suspect also. sandollor (:-:)
Indeed, hard to find anyone to trust these days. The volume is very low on FVE. I seem to recall the last time it ramped several points, it bottomed and then went a bit on low volume ... then it began to ramp and the volume picked up as it went