Beyond the major indexes, you see stocks running for cover.
“We are looking at real carnage….”
A Vicious Circle.
The toxic miasma of “distressed debt.”
And Bond Investors Are Getting Nervous.
It just about didn’t matter what you put your money into, as long as it wasn’t cash.
Bond investors, armed with other people’s money, haven’t got the message yet.
“Maybe this isn’t a great indication of the state of the economy.”
Acrid Smell of Burned Fingers Wafts through the Bond Market.
Financial contagion spreads to the US.