More good news

News. March 8 (Bloomberg) -- The cost to protect against corporate defaults fell to the lowest in more than six weeks and U.S. investment-grade bond sales rose fivefold as optimism builds that Greece’s budget crisis will be contained.

My point. This is very good news. It looks like the system is slowly mending. The markets seem to like it. It is the main reason central bankers keep interest rates close to 0% -- to lower systemic risk.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

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