Big Wall Street banks are sounding alarms on Oracle's debt situation. The comparison? We're looking at stress levels not seen since the 2008 financial meltdown.

The numbers tell a stark story. Oracle's 5-year credit default swaps just spiked by 125 basis points - that's the highest we've seen in three years. For context, CDS spreads are basically insurance premiums against default risk. When they jump like this, institutional money is getting nervous.

What makes this particularly interesting is the 2008 parallel. Back then, credit markets seized up as CDS spreads exploded across the board. Seeing a tech giant like $ORCL hit crisis-era levels suggests something's brewing beneath the surface - whether it's their cloud infrastructure bets, acquisition strategy, or broader concerns about tech sector leverage.

Worth watching how this plays out. Credit market stress in traditional finance has a nasty habit of spilling over into risk assets across the board.