Monday, August 11, 2014
ONGOING JUNK DEBT CRASH ACCELERATES... um, actually it doesn't.
Look at the ongoing crash in junk this morning!
It's moved above the EMA that governed the entire drop, and now it's back up to the Bollinger mean, and MACD is turning up.
So... not much of a crash then.
In fact, it didn't crash all last week either. In fact, it went up 1% last week.
Why are people still talking about a junk collapse like it's news?