This is going lower, much lower. It has exposure to coal companies, ouch, to nat gas companies, ouch, to coal generated utilities, ouch, to portugal, ouch.The holdings are absolutely horrendous. Just look for yourself.
This ETF is fully diversified. It will be fine shorty.
If a person truly thought this was "absolutely horrendous" why would they wait for a bounce? Wouldn't you want to sell immediately?
Over 200 positionsHighest single exposure is 1.46% weight and only 6 are over 1%They are not strong positions but its a high yield junk bond fund what exactly did you expect?The only thing absolutely horrendous is your fear mongering.Its correlation to the S&P's moves are a bigger risk then coal and nat gas.
I am quite new to JNK, can't see its holdings on Yahoo. Could you tell me where to find those information? Thanks.