High yield outside of the energy sector is fundamentally sound.

You better double check your sources, it's not

Default rates are still below historical averages (as of 10/31 it was at 2.9%. The average is around 4%). If you back out the energy sector, they are significantly lower than average.

As of 10/31 (these won't have changed materially because they haven't been any significant bankruptcies since I got them),
Energy default rate was 5.3%
Exploration and Production was at 9%
Metals and Mining were at 9.5%
Coal was at 27%.

$35.62. That's a 10% drop in one week.

1.59/gallon today.

(fist pump)

These low prices are saving me around $500-700/month.

My Class-3 FFL dealer owns some oil wells and he was bitching about the prices and how it is hurting the economy.

My eyes rolled so hard I probably looked like a slot machine.

You are looking at the wrong data points. It's not about the current defaults, which are few, it's about the oncoming tsunami that is cresting and ready to break. The next 90-120 days in the high yield market are going to be brutally bad.

There are no major defaults expected outside of energy.

Price action doesn't mean the sector is fundamentally challenged.

Just popped under $35 a barrel - $20's something per barrel, here were come

Probably helped by the Congress voting to allow exporting of US oil again.

why?

Gasoline is now $1.99 as a national average. Merry Christmas.

Donger weeps

LMAO

A good day for the little people. Actually, no it wasn't.

Oil sliding once again-$20's just around the corner. Anything below $25 is the time to BUY, BUY, BUY

Yea, financial markets haven't been good to anyone so far this year.