This wave of corporate failures will add further stress to the battered CDS market.

ECONOMIST: Meltdown may have been averted. But the crunch is not over

And the Federal Reserve Board is imposing new stress tests to determine whether leading banks can withstand a wave of sovereign- debt and bank defaults in Europe.

WSJ: Agenda | Irwin Stelzer: Euro-Zone Shark Still Has Its Appetite

Molitor says she's seen a wave of families come to her to talk about money and the stress it's causing them.

CNN: Breaking the taboo: Talking money with your family

The breakout this week after the stress tests were largely positive and the Federal Reserve acknowledged the economy had improved since January ushered in a new wave of bullishness with the yield on the 10-year Treasury ticking up to 2.3% stoking the theory that money rushing out of bonds could flow into stocks.

FORBES: 'Relentless' Rally Still Vulnerable: Analyst