Interesting discussion. JNK has moved in lock step with stocks
since Mar-2009. This is consistant with the bullish view that the
USFed would succeed with its monetary policy of
(re)inflating the debt bubble. Where private individuals and
companies have shied away from taking on more debt, the US
Govt has been stepping in to fill the void. The
govt has been borrowing approx $13K/year on
behalf of each working adult.
--
IMO, looking at the chart, it appears to putting in either a
intermediatary or long term top.
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JNK (High Yield Bond ETF) contrary indicator
JNK
Posted by rixx on 16th of Jan 2012 at 06:21 pm
Interesting discussion. JNK has moved in lock step with stocks since Mar-2009. This is consistant with the bullish view that the USFed would succeed with its monetary policy of
(re)inflating the debt bubble. Where private individuals and companies have shied away from taking on more debt, the US Govt has been stepping in to fill the void. The govt has been borrowing approx $13K/year on behalf of each working adult.
--
IMO, looking at the chart, it appears to putting in either a intermediatary or long term top.