Looks like tomorrow is the next day of reckoning. If it doesn’t soar back well above 8000, we’re in for another plunge. Why anybody is still in stocks and not collecting 8% plus of actual cash on corporate bonds is beyond me.
Ummm... because when the corporations lose their customers and collapse and default on these bonds... they will be worthless, too. Better to be in short govt bonds or gold or Swiss Francs right now.
Yes, but the reason the bonds are paying those numbers is because they might go tits up, correct? I’m just sayin’. Chasing interest is what caused the recent nonsense! Imagine being retired, trying to find a decent interest rate that is “safe”. They THOUGHT they were safe, too.