This is something that wasn’t built into the big bear model: higher oil. The reason why HYG and many of the corporate bond etfs have been lower is due to the distressed condition of crude.
I am hard pressed to believe in the fantasy theory that oil is done going lower for good.
But it’s going higher now and that price action will quell the fears of bond holders who are worried about their principle.
Bottom line: the better the price action in crude, the healthier this market will get. We need leadership and biotech just isn’t doing it for me these days.
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You’ve been Kevin’d
You jinxed NFLX. Ugh.
There is no such thing as jinx, moron.
Lol. It’s OK, price increase saved me.
so youve joined me as an OILMAN??
For Oil to be more then dead cat it needs those Speculators that stuck it in Tankers ala 2009-2014. China’s ruling Communist party said it is investigating the former boss of state-run energy giant Sinopec for alleged corruption — the latest figure in the oil sector to be probed.That “Global Speculation” should be so done. ROFL, ouch, Oil and all the other commodities will have to be traded on real demand and that is so not there and hasn’t been there for years.
U r great!
Razor missed you.
Yes please keep posting your thoughts as they erupt from your cranial nerves like Mount Saint Helens, albeit as useless as they are
Free entertainment
Oil “rally” seems to be driven by a lot of false confidence, or possibly by geopolitical risk fears. I think it will go on for a bit longer, though. No way we’ll see $20 but high $30s pretty likely before this “realignment” is over. Not enough Chapter 11 yet.