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S&P 500
5,319.31
(
2.30%
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US TECH 100
18,006.00
(
3.54%
)
Dow Jones
39,446.49
(
1.76%
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Brent Oil
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0.36%
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marketmaven

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marketmaven

Re: steviee post# 551297

Thursday, 06/14/2007 8:54:06 PM

Thursday, June 14, 2007 8:54:06 PM

Post# of 704019
MUSICAL CHAIRS: Spreads blowing out as SPY jammed relentlessly
http://www.markit.com/information/affiliations/abx

Junk bond credit spreads have been gradually creeping up even as stocks rally to new highs. These spreads as measured by the fund AFBIX are back near the peak reached during the February mini crash. Even as stock players take on more and more risk, junk bond players are growing more cautious.

Another straw in the wind that BEARS watching
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