Wednesday, December 2, 2015

The Most Distressed Bonds Have Been In 6 Years....ANOTHER PESKY FACT!

The Most Distressed Bonds Have Been In 6 Years

Buy, Buy, Buy....the meme of the new normal.

Terrorist attacks - buy em; looming World War 3 - buy it; plunging earnings - perfect!; collapsing capex - bullish; soaring inventories - back up the truck; crashing homeownership - awesome sauce! interest rate are going to rise - brilliant!

Buy, Buy, matter what, the markets are to be bought.

And while the ongoing carnage in the credit market is being ignored for now....

The fact of the matter is, that these are the most distressed bonds have traded 
in six years - warning, it's not just energy, it's everywhere.

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