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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (14264)10/29/2004 9:10:54 AM
From: SouthFloridaGuy  Read Replies (1) | Respond to of 116555
 
Agreed. It's not logical that spreads would tighten this much in the midst of an Economic slowdown; even if it were expected to be short-lived, I am puzzled that high yield investors would be the most complacent about it.

The only conclusion I can make is that investors are so starved for yield that fundamentals have been ignored for the most part.

The savvy investors I know have begun to take a short-posture in the market as a response.