I wrote a few weeks back about how equity had lagged credit in the current downturn
http://www.noelwatson.com/blog/PermaLink,guid,6ff32223-b54c-4ac6-b1e3-6baf7d232c07.aspx
but for certain stocks, the trend has been reversed
Alcoa
Dow Chemical
and the Dow
all fell around the end of September, but the CDS spreads have blown out a lot more recently
