And since stocks follow junk bonds….
“Opportunities in Distressed Assets” as Existing Investors Get Crushed.
And then there’s S&P’s “pessimistic scenario.”
“Distress” in Bonds Spirals into Financial Crisis Conditions
At the worst possible time.
It’s not contained.
But there’s still no panic.
Distressed Corporate Debt at Lehman-Moment Levels.
“Some very critical things are hidden.”
“Calamitous trading losses have eliminated” that “dumping ground.”