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-   -   Equities are up today, but (http://www.early-retirement.org/forums/f28/equities-are-up-today-but-57622.html)

Gone4Good 08-23-2011 10:50 AM

Equities are up today, but
 
this ain't right . . .

Quote:

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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