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Spreads on Bonds Flash Danger Signals for Stocks
Money Managers Get Defensive, Pull Back; 'Keeping Powder Dry'
By E.S. BROWNING
August 25, 2008
Stock investors trying to see the market's future have begun monitoring
indicators from the bond market -- and they don't like what they are seeing.
Until the current bear market, stock investors often paid little attention
to credit markets. But as troubled financial companies and bad mortgages
have pulled the stock market down over the past year, stock
Money Managers Get Defensive, Pull Back; 'Keeping Powder Dry'
By E.S. BROWNING
August 25, 2008
Stock investors trying to see the market's future have begun monitoring
indicators from the bond market -- and they don't like what they are seeing.
Until the current bear market, stock investors often paid little attention
to credit markets. But as troubled financial companies and bad mortgages
have pulled the stock market down over the past year, stock