claydoctor
Short

HYG history repeats, yet again???

AMEX:HYG   ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF
25 0 2
see chart. we are at major fib, major support/resistance . Does the market still have appetite for high risk, high returns. I say no. It is a fool's game, until things reset and become clear again, AKA fear, perhaps not systemic this time, controlled, dod             frank, reg measures in place now? Yeh right. QE is the forbidden fruit that the "tempted" decided, after 6K years, to eat, again. We know what happened the first time. Too much indecision, too many dogi's, as HYG             goes lower, and breaks below this major level, fear will grow, confirmed. And if I am wrong, so be it. Let's all watch and see, grab a bag of popcorn and a soda, and on Dec 16th, we will all know the outcome.
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