Happy stock highs belie bonds teetering on edge

February 21, 2012

With the Dow Jones industrial average crossing the 13,000 level for the first time since before the crisis and Britain’s FTSE 100 index headed toward 6,000, equity investors are smiling. Many may be wondering if the run can be sustained. But debt buyers may face the real danger.

Just don’t tell markets it’s not a V-shape

October 15, 2009

The gains in risky markets, and to some extent, safer ones, continue to be driven by the aftershocks of government policy rather than the deep roots of a recovery. Some of that reality may be starting to dawn on investors