Article in Wall Street journal talks about how bond fund managers like Bill Gross have been hit hard.
This Spending is not about the truth it is about a Legacy: Obama got Healthcare through, He is on the verge of Immigraton Reform and now under his watch the Stock market hit an All time high. But, facts show that 90% of gains come from around 2% of the companies. In order to get this market to new highs he had to get investors back into the Stock market and out of CDs, Bonds, Money Markets and Cash. Well how do you do that? You make them worthless... Even the great Bill Gross got slammed. People moved from Treasuries to Corporate to Junk bonds. I read and article on the Wall Street Journal about how Junk bonds are not paying anything and the return is not worth the risk. People prepare because this is not over, this stock needs a .30 gain today we can not afford to give back anything! We need to be at $5 or higher by the end of the month. If we can reach that I believe we will obtain some footing.