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User Info The Caution Light Is Lit; entered at 2018-01-12 08:13:03
Posts: 208
Registered: 2013-09-12 NY
McClellan provided a nice chart of the dip in the corporate high yield bond A/D line yesterday as well as some historical commentary:

"The SP500 had its final price top in October 2007, and we had warning of that from the NYSE A-D Line which had peaked in June 2007. But the High Yield Bonds A-D Line peaked all the way back in May 2007, giving even earlier warning that liquidity was starting to be a problem."

I wonder if the Fed will exacerbate the plunge when it does come, as it did back then, and then deny it.
2018-01-12 08:13:03