View corporate bonds (red) spread to treasury bonds spreads. View 30yr T Bond ratio to SP500. Investors flight away from risk. Stocks are not preferred. Stay out of stocks. Kudlow says BUY, you got to be kidding nobody else is !! Worst credit market since 1930's.... So a risk of major losses could be on the cards. Sp500 should be at 1000, if credit spreads are a prediction.