Italy downgrade by standard and poors

Standard and poors(s&p)  rating agency after US downgraded Italy debt downgrade to a/a- ,

Euro zone crisis begin to spread not only in Greece but also many country and worry continue to wider in euro zone,Italy also have an important role in international branding country and many stones exported to worldwide ,impact of downgrade Italy make more concern about economy in world scenario .

Spain and Greece first country where this problem begin before 6 months but as euro zone sound more strong and healthy economy zone and weaken dollar against all world currency that time heavy interest in euro make stronger buying in euro dollar .but later currently seems euro also in deep trouble and step taken by euro zone matter no idea how to relief it .

world this time affect and slowly a economy slowdown spreading all over world it will take few month in Asia too now concern about India and china ,we know about this company economy depend on big number of consumable by itself but lately some time inside of economy looking somethings cooking and as crisis in US  and Europe gave chance to FII investment in emerging country ,FII again pulling out money from this market and it will affect economy in India as well ,other side china production looking affected as country who consume big chunk of product also least demand and action taken by local government to stop import or higher custom duty to help their industry affect china as well,
I think stock market in India will touch 12000 mark soon before end of year so continue to sit on Cash and wait for condition to comes where your investment going a bargain price at lowest in this decade or ever before .