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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (46265)11/29/2005 8:06:34 PM
From: orkrious  Read Replies (2) | Respond to of 110194
 
Lance Lewis tonight:

The 10yr junk spread to treasuries exploded another 29 bps to another new high for the month and appears to be headed for new 52-week highs, which is obviously not a good sign for the equity market but also precisely what one would expect to see if indeed the rally in equities is the last gasp before the economic hangover that will result from the housing bubble popping finally comes home to roost next year.

dailymarketsummary.com