Prepare for Europe – "It's Going to Be Ugly"

Standard & Poor's issued credit rating downgrades Friday for nine European countries, but the markets haven't seen any big sell offs. Did we dodge a bullet?

Not according to Money Morning Capital Wave Strategist Shah Gilani, who explained to Fox Business' Stuart Varney Monday why investors shouldn't be fooled by the relatively calm market reaction. The effects of Europe's downgrades are coming, and investors should be ready. Click here to see why the impending storm out of Europe is on a path for the United States, and see what Gilani suggested as the best investments.