22% bond yields was the bottom for stocks

in 2008, high yield b rated bonds went as high 22% in the peak of panic. This also coincided with the peak of panic for stocks. Quality high growth potential stocks sold for fantastic prices and valuations.

And it makes sense to not make sense this way.
Bonds are debt, and must get paid first as part of normal business operation.
Equity gets the excess profits later as potential dividends or stock buybacks.
Debt and equity and the 2 main funding sources for business.
Stock investors cannot ignore interest rates and the funding markets.

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