SPDR Barclays Capital High Yield Bond (ETF) (AMEX:JNK)

marc64 (95.87) Submitted: 11/22/2011 3:01:27 PM : Start Price: $35.71 JNK Score: +6.02

Let's face it: anyone issuing junk bonds is touch-and-go to pay up for capital. Things look to be shaping up to be a very hard environment for marginal businesses. The simple math is: if new (expensive) capital can't grow profits faster than its high cost, more businesses will default on their obligations.Basically, JNK will lag due to a coming spike in the default ratio.