After peaking way back in 2014 and declining ever since, the high-yield bond market finally has made national news over the past week with the very high profile blow up of the Third Avenue Focused Credit Fund.
The Dow's 1,100-point drop off the opening bell Monday cost investors untold amounts of money and suggests the market is still broken.
The current correction gives the bears the most ammunition to claim that a new bear market has started. But don't jump to conclusions just yet because history suggests otherwise.
Before the stock market begins to decline, investors need to have a set of plans designed to remove emotion from the decision-making process.
Greece isn't another Lehman Brothers. I am not worried about contagion as with subprime mortgages in 2007. I don't fear counterparty risk as with AIG.
Expect more volatility, but country isn't big enough to have lasting impact on eurozone
Near-term decline in equities follows pattern of a typical post-recession recovery
Rumors of the bull market's demise have be exaggerated, so don't count the annual Santa Claus rally out.
Wall Street titan cuts its forecast for the commodity, but should anyone pay attention? If history is any guide, not really.
Chances high for a year-end rally but if bears take control, longer-term bets could be at risk.
