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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (76135)	7/25/2007 7:24:39 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

Well, I read somewhere recently that interest rates for poorly rated (status: junk) corporations have been hiked by 150bp in the past month by the bond market. Bond market is not good, subprime default risk is spreading like a bad desease, but all this does not matter. It's not subprime anymore, it's corporate bonds, spreads to treasuries are blowing up. Treasuries have a safety bid, stocks don't care, even though they should, IMHO. They cared Yesterday, but that ended. -g-