Icahn debated with Mr. Fink from Blackstone. Icahn said that banks have sharply reduced their ownership of high yield bonds, so liquidity in the event of a interest rate spike is much reduced, which could lead to air pocket declines. Icahn also said a lot of high yield bonds are in the oil drilling area, which could suffer from low oil prices.
Sentiment: Strong Sell
May take a year or more. Limits on withdrawals & money transfers will probably be in place for months. Otherwise, everyone will rush all at once to take money out.
Do you have a printing press in the basement to pay off the margin calls?
"priced in dog yearz" Classic
"Priced in dog years now" Funny. Yes, we will see more volatility because of this. How many of the buyers will say "OK, I'll sell half now that I have 7 times more shares" Lots.
Will YANG be forced to clover shorts? Bueller.....Bueller......?
BTU a good speculation.
TBT could rally to high $50s if bond selling picks up.
"When you can't sell what you want, you sell what you can?" Art Cashin on CNBC.
Corporate bonds were hurt the most because of repayment fears. I am really bearish on "junk" bonds here. Spread with treasuries just to low.