Thursday, December 31, 2015

Wall Street We Got a Problem

Junk bonds are performing at nearly the same levels at the depth of the 2008 financial crisis, and yet SPY is near highs.  I can't even imagine what junk will look like when we go into a recession.  It is likely these securities will merge.  My view is SPY will reach down more than JNK will come up.



No comments:

Post a Comment