Salient to Investors:
Ivan Martchev at Navellier & Assoc writes:
- Last week’s equity collapse was predicted by the dramatic increase in the spread between junk bonds and Treasuries. Credit spreads are good overall indicators.
- The sell-off in junk bonds was caused by weak commodity prices: new capacity in hard commodities and energy has been financed with junk bonds and with disappearing cash flows.
Read the full article at http://seekingalpha.com/article/3463346-this-swan-is-white
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