Pensions Allocations To Credit Keep Setting New Records

The pension crisis over unfunded liabilities is well-documented, but there's another angle to the pension story. More and more pensions are looking to invest in credit as they attempt to shield pensioners from those unfunded liabilities. In fact, pension allocations to credit hit new record highs in October and November and are on track to set another new record in December. Thus trend was already noted earlier this month, but it has intensified since.

Equity market correction continues

Canaccord Genuity analyst Brian Reynolds pointed out in a note this week that the recent equity market correction is starting to resemble more and more of the current bull market's other corrections. On Friday the steep correction in stocks continued as...