Wednesday, 27 May 2009
1987 Redux
What do you do when bond prices are cratering, and stocks stand firm? You worry, that's what, and of course go short stocks as if your if your life depended on it... which of course it probably does right now. Zero Hedge has the story (click on story's title for link), and has done some sterling work pinpointing the mess in the US fixed income market.
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