Dead-Cat-Bounce Dies: WTI Back Below $57, US Stocks Give Up Gains, Europe Red Year-To-Date
December 15, 2014 at 11:38 AM EST
While credit markets were not buying the dead-cat-bounce in stocks and oil this morning (Energy HY >1000bps, HYCDX >400bps), financial media was cock-a-hoop... "the bottom is in."