The Junk-Bond Market Just “Puked.”
“This year is unlike anything ever seen in the history of finance.”
And since stocks follow junk bonds….
“Opportunities in Distressed Assets” as Existing Investors Get Crushed.
Everyone but China.
And then there’s S&P’s “pessimistic scenario.”
“Distress” in Bonds Spirals into Financial Crisis Conditions
Financial Fallout Spreads.
At the worst possible time.
But there’s still no panic.