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Decoupling between the US and Europe has blown out. Bank of America's Jeffrey Rosenberg charts...

Decoupling between the US and Europe has blown out. Bank of America's Jeffrey Rosenberg charts the S&P 500 equity risk versus Sovereign credit risk (SovX). Even as the SovX reaches an all-time high, investors in US equities seem unconcerned.
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Comments (2)
  • Cliff Wachtel
    , contributor
    Comments (1850) | Send Message
     
    and if last spring was any indication those investors will get slaughtered.

     

    If Lehman Bros collapse could spark the Great Recession, how about defaults in an entire group of sov. nations? Don't think US banks exposed, directly/indirectly?

     

    Please. Of course ECB could do some QE of its own, extend/pretend for a while yet. However with the past spring's experience behind us, events appear to be developing faster this time around
    30 Nov 2010, 12:49 PM Reply Like
  • Hubert Biagi
    , contributor
    Comments (715) | Send Message
     
    In fact, they didn't get slaughtered, as you suggest. Most investors are back to pre-crash levels, or better. Those who lost out we're the ones who were busy promoting financial armageddon, as you are apparently still doing.
    30 Nov 2010, 02:48 PM Reply Like
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