From The Pragmatic Capitalist:
One of the primary reasons for our move to sell equities in mid-January was the warning shot the CDS market was sending. Specifically, we said:
As the problem of debt refuses to go away and in fact, quietly spreads, we’ve seen another slow development over the course of the last few weeks - problems in Greece appear to be worse than originally expected and credit default swaps are...
Read full article...
More on stocks:
Jim Rogers: Markets to tank soon
Marc Faber: Markets to plunge 20%
Market technician: 3 reasons the market has topped for the year