It is early in the day but ugly does not describe today’s action. Screens are beet red…and one thing really starting to stand out. It is the mauling of the high-yield, junk bond arena. We have yapped forever here at this area as the most mis-priced and distorted market brought to you by Mr. Bubble Bernanke…which fed into Wall Street doing their normal leveraging and reach for yield.
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- RADIO SHOW 8/17August 17, 2018 - 6:51 pm
- PRE MARKETAugust 17, 2018 - 8:59 am
Futures down a wee bit after a strong Thursday. But not so strong was the NASDAQ/NDX/growth areas. Something to watch. A couple weeks back, we called a report “Changing of the Guard!” We are now seeing much better action in UTILITIES, REITS, DRUGS, FOOD, BEVERAGE and other CONSUMER STAPLES areas. We continue to see what […]
- MADURO-THE MOST STUPID MAN ON THE PLANETAugust 17, 2018 - 8:51 am