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Corporate Bond Market Grinding to a Halt

In my above comment, I felt so strongly about what I wanted to say I never checked the spelling. Sorry. Kind'a like investors wanting to sell all their bonds and fogetting to check reality.

Corporate Bond Market Grinding to a Halt

John, in all due respect, your comment on writing an obituary for the fixed income market is the kind that spreads unwarranted fear through the markets. You, of course, are not alone -- virtually all analysts and financial commentators are making similar remarks and offering dire opinions regarding the future right now. In 1932, rumors also spread among the populace, but at a much slower pace - still there followed the massive run on the banks. In 2008, dire opinions and rumors spread in hours if not minutes over the internet and MSNBC, CNBC, etc., Alpha, WSJ, etc., and. I believe, is a mjaor cause of countless invesotrs - sophisticated as well as novices -- in making totally irrational choices. Now, you may just be reporting the irrationality that is taking place, but then to extrapolate that bonds are facing a tfinancial armageddon not only overstates the situation, it contributes to further deterioration of the markets. Having said that, I never miss your articles and have learned much from them.