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


To: mishedlo who wrote (16742)11/24/2004 6:46:01 PM
From: Crimson Ghost  Respond to of 116555
 
Junk bond spreads continuing to narrow --albeit gradually. My junk fund (SPHIX) has risen from 9.09 to 9.13 since I sold a third of it a few weeks ago. In this "anything goes" environment who can say it will not climb to 9.2 or 9.3 even though it is greatly overvalued already IMHO.