Why are the markets so schizophrenic? Bond spreads are rising, signaling rich country solvency fears. Yet stocks are up (except when political ineptitude like the failure of the super committee to reach a debt deal knocks them temporarily down). The mixed signals aren’t as strange as you might think — they reflect the large and growing divide between the fortunes of companies, and the fates of countries. To understand why these two are now separate, and what it means for your portfolio, check out Rana Foroohar’s new Curious Capitalist column, here.
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