Percentage Of Junk Investors Raising Cash Explodes, Number Reporting Below Average Cash Position Halves

Percentage Of Junk Investors Raising Cash Explodes, Number Reporting Below Average Cash Position Halves

Whatever you do, don't you try and say we didn't warn you. Time after time, post after post we've said the same thing: high yield is a bubble. The fundamentals are bad, the rally is overdone, and the spread compression off last year's wides is nothing short of spectacular. Now, we're seeing that bubble burst. If you missed this week's posts on this very subject, see here: Junk Warning: "You Are Here" This Is What It Looks Like When Everyone Starts Selling Their Junk But as compelling as a
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