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 3/16March 16, 2018 - 6:51 pm
- PRE MARKETMarch 16, 2018 - 9:29 am
All quiet except ADBE up nicely on numbers and money loser OSTK down on big losses. OSTK ramped for a while off of coins but that is heading into the dust bin. Notice energy rolling over at the lows. Commodities also suspect here. No changes. Hoping for markets to calm a bit. Not thrilled with […]
- RADIO SHOW 3/15March 15, 2018 - 6:49 pm