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


To: mishedlo who wrote (19973)12/30/2004 8:14:25 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 116555
 
Bad idea to try to short junk IMHO. When junk takes a hit, stocks will go down a lot more. Plus you will be responsible for those interest payments.



To: mishedlo who wrote (19973)12/31/2004 3:53:25 PM
From: FiveFour  Read Replies (1) | Respond to of 116555
 
this might be a way to do a reasonable simulation of shorting the junk spread:

long treasuries or TIPs and
short some combination of the following

Prospect Street High Inc Portfolio (PHY)
BlackRock High Yield Trust (BHY)
Pacholder High Yield Fund (PHF)
Neuberger Berman Income Opportunity (NOX)
Debt Strategies Fund I Inc (DSU)
Credit Suisse High Yield Bond Fund (DHY)
Colonial Interm High Inc (CIF)
Pioneer High Income Trust (PHH)
Corporate High Yield Fund III (CYE)
New America High Income Fund (HYB)
Corporate High Yield Fund V (HYV)
Corporate High Yield VI (HYT)
Corporate High Yield Fund (COY)
40/86 Strategic Income Fund (CFD)
Van Kampen High Income Trust II (VLT)
Scudder High Income Trust (KHI)
Van Kampen High Income Trust (VIT)
Morgan Stanley High Yield Fund (MSY)
Evergreen Income Advantage Fund (EAD)
PIMCO High Income Fund (PHK)
Zenix Income Fund (ZIF)
Dreyfus High Yield Strategies Fund (DHF)