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Equities are up today, but
Old 08-23-2011, 09:50 AM   #1
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Join Date: Sep 2005
Posts: 5,383
Equities are up today, but

this ain't right . . .

The cost to protect debt issued by Bank of America Corp. (BAC) surged to the highest level on record as investor confidence in U.S. bank bonds deteriorated to the worst since May 2009.
Prior to the big equity losses in 2008, the credit markets were already falling off a cliff - banks especially.

Hold on to your hats.
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