April 01, 2010
– Comments (7) |
RELATED TICKERS: AMD
My thoughts on what the junk bond market is telling us about stocks.
Both junk bonds and soverign bonds will blow up in 2~5 years along with USD and that will be the biggest credit crisis ever. It may seem remote but it looks very likely day by day, unless emerging makets stop exporting and import US products crazily ...
Nice list of companies to examine for underperform calls.
All -- Thanks for the kind comments.
cbwang888 -- I agree that global imbalances are at the heart of the problem.
I would pose the question a bit differently - what junk bonds tell us about the FED policies?
I agree with CHK.
HOT and WYNN both look aggressively valued to me. HOT also has an extraordinarily large number of insider sells.
I'm not ready to red thumb Marriott just yet, though; but I do think it's overvalued a bit.
good study. thanks