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[arbman]

CDX index declined today too, although a bit slower. Well if the bonds are not still pricing lower risk, how the heck can the equities turn?!?

In the mean time, the high yield indices closed yesterday down despite the equity rally and today they closed below yesterday's highs. If the corporate bonds continue to sell, the equity market has no chance...

Edited by arbman, 26 May 2010 - 08:50 PM.