xanthus4966

High Yield Spreads Near Record Highs

I think this is an ecellent time to go hi-yield. The spread rarely exceeds this level so taking a position now has lower downside than in other portions of this market cycle. With Congress causing us the taxpayer to pay for corporate jets, with no upside potential for us, we now have to increase our risk to compensate for the overall gross equity loss. Long term rates will be significantly lower in three to five years, as the true stupidity of our lawmakers comes out.