Junk bonds get even junkier

``The rapid and worsening sell-off is a growing concern for stock investors since junk bonds and stocks tend to generally move in the same direction. Mounting concerns about rising defaults by junk-rated companies -- those with the lowest credit ratings -- are stoking fears things could get worse before they get better. "We haven't reached full-fledged panic, but it's approaching," says Marilyn Cohen of Envision Capital Management.''