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The credit markets say there could be more downside for stocks
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Thursday, August 25, 2011
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From Bespoke Investment Group:

Although the S&P 500 rallied nearly 5% this week leading up to today, high yield spreads saw little relief. Two weeks ago, high yield spreads widened out above their highs from last Summer.

Since then, the widening has continued. With spreads now at...
 
Read full article (with chart)...

More on the bond market:

S&P backtracks: Muni bonds could be slashed

This chart has been predicting the stock market for three years

Top bond manager Gundlach: Treasurys could rally even higher

Topics: Bonds | US_Treasuries | Credit_Crisis
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