Credit Market Misery
The credit market is getting eviscerated. Period.
Whether it's corporates, preferreds or hybrids, spreads continue to blow out.
The Goldman Sachs (GS) preferred I bought the other day at 11.5%? Gonzo. Thank you, Warren.
Don't let the stock market fool you. The credit market is imploding.
If you don't believe me, take a look at the TED spread below, the difference between three month Treasuries and 3 month Eurodollars.
Click to enlarge
The credit market has been a great leading indicator for stocks lately.
For a more detailed look into this topic, please see A Tale of Two Markets.
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How can an Individual Investor buy these ?
Would the bailout as proposed, 700 billion in one gulp, work ?
