It's no secret that credit and equity markets have almost been joined at the hip since the credit bubble began to burst. However, there has been an interesting divergence at key turning points, as the following chart suggests:
Are we seeing déjà vu all over again? Click here to read what I had to say on the subject in my last column of the week for DailyFinance, "When Credit Falls and Equities Rise, Stock Investors Beware."
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