Monday, February 1, 2010


JNK broke a bear flag, like a base jumper who got a small rope that snagged on the edge and he is hanging precariously.    Unfortunately for Junk Bonds, there is no parachute, the base jumper is in a much better situation.

LQD was down more today...I guess people want to get away from highly quality corporate bonds....who need those when you need yield. 

I cannot short JNK on TOS or on Etrade.   Anyone know where JNK can be shorted.
The options look pretty illiquid and with large spreads.

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Insightful and Useful Comment!