Originally Posted by Houston_2
Originally Posted by Calvin
The markets will tell us when the back is broke. Once a few firms start selling it won’t stop. Until then, enjoy a 35k Dow.


The market is looking better for some reasons. Maybe has factored in a Ukraine/Russia settlement of sorts.


Wall Street Is Pouncing on Russia’s Cheap Corporate Debt: Bloomberg https://www.bloomberg.com/news/arti...ouncing-on-russia-s-cheap-corporate-debt

Goldman Sachs Group Inc. and JPMorgan Chase & Co. have been purchasing beaten-down company bonds tied to Russia in recent days, as hedge funds that specialize in buying cheap credit look to load up on the assets, according to people with knowledge of the private transactions.

Banks routinely scoop up debt because clients asked them to, or because they expect to find ready buyers. <more in link>


GOA