Thursday, May 7, 2009

Is Credit Market healing?

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? ..........

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