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Fidelity Floating Rate High Income Message Board

  • snoit123 snoit123 Feb 6, 2008 8:49 PM Flag

    I just dumped out - for whatever reason

    ........this fund has been bad for my wealth - it was a black swan event that hit the credit markets back in July and I thought it was mostly over but, there is a story in today's WSJ about $150 billion in debt that has been falling in price including some of the Chrysler debt. You can look at the 5 year chart of this fund and it is nice and sleepy until last year when it suddenly drops like a rock. Credit markets are not back to normal - need an enema and a laxative to clean the markts out.

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