DavidBelleFX

Would be looking to short $BKX and $JNK

Short
AMEX:JNK   SPDR Bloomberg High Yield Bond ETF
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3
Technical move. Issues from Europe could weigh in on the US banking system. If we got to the situation where there were no bids on JNK , we could see a pretty large collapse in that market. The US banking sector tracks JNK tightly as it is more of an institutional grade investment that banks do not mind holding.