Phase II of the Post-Great Recession Period is Here
June 01, 2010 at 12:32 PM EDT
May was the worst month for the major asset classes since the dark days of February 2009. Virtually everything suffered with more than trivial losses. Treasuries were the exception, thanks to the revived rush to safety. In turn, that helped prop up broad investment-grade bond indices. Otherwise, the red ink last month is a sign [...]