Is the credit market healing? This High Yield Corporate Bond chart tells us so. People are coming out to take more risk now. Can price goes back to pre-Lehman Brother collapsed?
Honestly I have been waiting for a correction but this rally is extremely powerful because all big the big brothers say holding cash is the most dangerous thing to do when you have a powerful move like that. Even Jim Rogers who has been extremely bearish on equities said he has least amount of shorts in his whole life now. Luckily, I have been heavily invested at lower price. All I need to do now is just hang on to the ride without having pressure myself keep asking: is this real? Should I jump in now? ..........
Thursday, May 7, 2009
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