Monday, September 29, 2008

Stat of the Day II: Bonds fall more then equities

In what was a miserable day in the stock market, bonds fell even farther. While the S&P 500 fell 8.8% the index of investment grade corporate bonds (LQD) fell an astonishing 9.4%. Now who holds a lot of bonds...hmm. Let me guess that a lot of retirees might be a little disturbed to see their bond holdings decimated. Weren't we told this wouldn't impact Main Street. My guess is that a lot of people begin to change their tunes on this rescue plan. It clearly impacts everybody. See the chart at Bespoke, Bespoke - Corporate Bonds.

Lots of more once in a century stats if I had the time to post.

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