Wed, Jun 19, 2013, 12:34 PM EDT - U.S. Markets close in 3 hrs 26 mins
That would be amazing if this came back up to $40. That would make yields on junk bonds so low that we could see corporations issue TONS of debt and lift the economy up into a decade long bull market.Could happen.
Watch TBT & TMV - both bouncing off their lows; as is the case with JNK. Can't tell how long this will last, before reversing course back to the lows. Would like to see JNK head back to 39-40.On the other end, TLT has peaked out and headed lower. About time!
I hold some TLT puts I've shorted, and I agree it has peaked. But, I think it will hang up there real high for a long time.100+ throughout year end is nearly a certainty.JNK 40+ would assure enough credit flowing for the economy to boom upwards to finally regain true normalcy.
Why the heck did JNK drop .40% today in after hours, with someone selling almost 3,000,000 shares???This is scary!
Are you kidding me? LOL.Who cares? How about the 2% it was up today?So some chumps who were barely overleveraged dumped at the close. And? What's wrong with that? Better, what is scary about it?Sounds like the boys had a good day to me.Geez.