Greece Cut to Junk

The government debt crisis that has shaken Europe's shared currency widened and intensified Tuesday as Portugal saw its credit rating cut -- and Greece's was reduced to junk status.  Stocks slid worldwide on the news of the double blow that increased the likelihood of a continent-wide debt meltdown and more market turmoil.

.....Unsurprisingly, stocks tanked.  "We have the makings of a market crisis here," said Neil Mackinnon, global macro strategist at VTB Capital.