Sentiment has still room to medium level
TThough High Yield Credits aren't decreasing, the spread between the 2 is starting to increase. Wait for SP to drop.
Does it mean that this Junk Bond is going to pull the stock market down again?
The rats are leaving in waves off the High yield bonds ship, chasing yield ...another ship to board, which one? The harbor is empty. Cash is king, other currencies devaluing big time, panic mode, and since I believe the Eurozone chiefs won't agree on how to genuinely QE to save their buts, well... The short term safe haven is out of stocks and into cash? But...