Below we highlight a price chart of the CDX North American Investment Grade Index that tracks the credit default risk of 125 investment grade entities. After declining 50% from its peak closing price on March 10th, default risk has risen over the past few days, breaking the steep downtrend that formed over the past two months. Financials have been getting hit hard this week, and AIG's poor earnings report Thursday night didn't help much. Hopefully this isn't the start of a new uptrend.
click to enlarge
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
Bespoke Investment Group
About the author:- Bios & more articles
- Bespoke's blog: Think B.I.G.
- Market Research: Bespoke Premium
- Bespoke Money Management
- Bespoke Institutional
- Contact Bespoke
Loading...
Symbols:
ETFs In Focus
sponsored by:
-
Editor's Picks
-
Most Popular
- Global Stock Markets: We All Fall Down!
- American Capital Agency: Making Money the Old-Fashioned Way
- How Should Policymakers Respond to the Employment Report?
- Don't Believe the Gold Bears' Hype
- Freddie/Fannie Plans In Motion; Why Are They Being Underplayed?
- Hedge Funds Are Getting Their Butts Kicked Too
- Full list of Editor's Picks »
- Wall Street Breakfast: Must-Know News »
- Apple: Steve and I Have Been Wrong »
- Gold Futures' Dirty Secret (Part II) »
- Rescuing Frannie »
- Why Commodities May Be Nearing a Turning Point »
- Corning: Looking Very Cheap »
- Is Gold Getting Ready to Bounce? »
- Friday Outlook: What Phony Sell-off?! »
- The $64 Trillion Question: What's the Dollar Really Worth? »
- Fannie, Freddie Headed for Conservatorship »
- Bill Ackman's Letter to Paulson On Restructuring Plan »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- Discover Financial: A Creditable Investment - Barron's
- American Capital Agency: Making Money the Old-Fashioned Way
- Time to Recognize Cognizant - Barron's
- Avoid the 'Group Think' on Melco-Crown
- Safeway: A Safe Way to Invest
- A Rustbelt Revival: From Doom to Boom
- Forget the Moral Outrage: Just Restore the Mortgage Markets
- The Weak Short Case Against Jos. A. Bank
- eCommerce Stock Pair Trade: Amazon vs. eBay
- Global Equities Falling Through Support
- Full list of Long Ideas »
- Nuance Communications: An End to Acquisitive Growth
- Short Interest Rising in Tesoro; Shorts Covering Airline Positions
- Harbinger Capital: Cut Short
- Not Much Meat on Pilgrim's Pride's Bones
- Salesforce.com: Demystifying the Force
- Should We Listen to Boone Pickens on Oil?
- Energy Conversion Devices: Ridiculously High Valuation
- Three Reasons Solar Sell-off May Be in Early Innings
- Is the Market Rolling Over?
- Solar and Oil, Part Deux
- Full list of Short Ideas »
- Fed Should Cut Rates - Cramer's Mad Money (9/5/08)
- Bullish on Wachovia - Cramer's Lightning Round (9/5/08)
- Worst Downgrades - Cramer's Stop Trading! (9/5/08)
- Pimco's Bill Gross: Jim Cramer Is 'Courageous' and 'Entertaining'
- Cramer Sees the Light - Cramer's Mad Money (9/4/08)
- Keep Buying Big Brown - Cramer's Lightning Round (9/4/08)
- Don't Buy These Bonds - Cramer's Stop Trading! (9/4/08)
- Loss of Integrity - Cramer's Mad Money Recap (9/3/08)
- Not Off the RIMM - Cramer's Lightning Round (9/3/08)
- Unbelievable Moves - Cramer's Stop Trading! (9/3/08)
- Full list of Cramers Picks »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
This article has 1 comment: