Tuesday, August 5, 2014
IMPENDING JUNK BOND COLLAPSE: here's what happened the last 2 times junk went down
OMG IMPENDING JUNK BOND COLLAPSE:
OMG IZ HORBL WEALLGONNADIE
Um... but if you switch your goddamn chart perspective to weekly, you might see something like this:
Seems something of the same magnitude happened in May 2012 and June 2013 as well. But yet the market recovered and kept going up.
If you're following a commentator who has failed to switch his junk chart perspective to weekly, and who therefore is braying about how today is the end of junk bonds or otherwise even remotely significant, especially if they're blathering that OMG the junk market is too illiquid to sustain this outflow, then for your own future investment performance you might want to perform the following procedure:
1. unsubscribe from them
2. delete all bookmarks pointing to them
3. edit your computer's hosts file to set their website to 0.0.0.0 so you can never access their website again, even by mistake
4. install an app in your browser that changes any mention of the person's website to "clown who freaks out over regular yearly occurrences".