Hey everyone,
There is no better barometer for market crashes than viewing the composite high yield index. Today, you can easily view this through the ETF $HYG. It's clear we are in a major market downturn.
We might be entering a credit crisis similar to 1929 and 2008 if the Fed does not fully grasp what's going on. We just had a no-bid MBS auction a few days ago.
I wrote about the 2008 market crash from 2007-2009 thru my diary. if anyone has any interest, I recommend reading it. You will definitely learn something.
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