This Has Only Happened 3 Times Since 1984

“…history would suggest markets are likely to perform poorly.”

Advertisements

This Is A Bubble

Ok look, I know we’ve said this over and over. But the evidence just keeps piling up. High yield credit is a goddamn bubble. And it refuses to burst. Hell it was just yesterday when we noted that if you want to know just how resilient junk has become, you need only look at Wednesday…