AMEX:HYG   ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF
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I don't have the stats, but you probably know that many S&P 500             companies are using debt as a way to finance its share buyback program. (Yes, I'm talking about you Apple             )

So these companies are in a triple dilemma.
1. Investors are closely scrutinizing their bottom lines every quarter (Whatever happened to the big picture and the Oracle             of Omaha, the Moses of Investing, no wonder people love to say they believe in what he believes in but actually don't give a sh!t about what he believes)
2. Considerable time or not, Fed is raising rates, spread is gonna get bigger.
3. It's midterm, the last thing that the Congress wants is, well, to actually do something. So even multinational companies have an abundance of cash, they can't bring it back without getting taxed.

I've only been trading for a little while, so all I know is drawing lines or stuff...but the chart does look dire to me. CNBC is having all sorts of clowns on today talking about this is a long secular bull market, that got me even more worried. I know my credibility just got hammered by mentioning CNBC, but please let me finish, I watch it for entertainment purpose, it's like a financial reality show+tabloid, how cool is that!
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