Monday, August 18, 2014
JUNK BOND COLLAPSE CONTINUES, ACCELERATES: ha ha gotcha no everything's fine actually check it out
Let's check in on the continued collapse of junk bonds:
I still await the day that Barry Ritholtz, Josh Brown, Joey the Weasel and all their friends apologize to the internetoblogoverse for freaking everyone out about what turns out to have been utterly nothing.
Instead, they have now all gone starkly silent on the subject of junk bonds.
I mean hell, isn't this just a 91% Fibonacci retrace before the collapse continues? Or something?
Come on, guys! Just two weeks ago it was impending dooooom! What about those junk bond ETF outflows? Is everything better now? Have you found something else to piddle your pink panties over?