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This chart says stocks could be in big trouble
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Wednesday, June 09, 2010
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From Pragmatic Capitalism:

As we’ve previously described the primary differentiating factor between this sell-off and every sell-off since March 2009 has been the action in the credit markets.

For the first time in over year we are seeing substantial deterioration across credit markets. This has been notable in IG credit. Spreads have started blowing out again as the sovereign debt fears raise memories of Lehman Brothers.

The action in yesterday’s market was notable due to...

Read full article...

More on stocks:

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Topics: Credit_Crisis | Stocks
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