BTW what is happening is investors are running away from anything that has high yield and risk which is driving the 10 year yield down and the lower grade junk yields sharply higher..especially in European high yield/risk. So anything that has risk and a bond proxy (rightly or wrongly) is getting sold and sold hard.
Dow has cut its losses in half since 12:04 when Greece passed its austerity measures.
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- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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1 comment:
From what I've been reading at Investor Village, it looks like another hedge fund unwind like we saw in the fall of 2008. They borrow cheap money and buy secure high yield stuff like MLPs. Simply can't tie this to any radically changing fundamentals at the partnerships. Nimble traders could have scored big today.
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