We have been watching the market's "sudden panic" about the implosion in the junk bond space with bemused detachment because, for the better part of the past year, we have been warning that this is about to take place. Here is a modest sample of articles from the past year commenting on the dangers from junk:
Submitted by Jim Quinn via The Burning Platform blog,
Fed, ECB “Monetary Insanity” Is “Frightening” - Gold Rigged … For Now
Max Keiser interviewed GoldCore Research Director, Mark O’Byrne last week and the video was released on Saturday.
Key points and topics covered:
Presented with little comment, aside to ask: "where are the liquidity-providers?"
Extremely heavy volume... and wild swings
Zoomed in the moves actually occurred over a 5 minute span... (via @NanexLLC )
420 Point roundtrip in The Dow in under 9 minutes...
As HYG hit Friday's lows...
And all of this is happening right on cue following JPMorgan's Marko Kolanovic warnings of "massive stop losses" ahead..
Submitted by Joseph Calhoun via Alhambra Investment Partners,