Article on Junk Bond Rally

[Parsad]

Bloomberg article discussing the optimistic view on low-rated debt.  Includes a short comment by Biglari associate Martin Fridson of Fridson Investment Advisors.  Cheers!

 

http://www.bloomberg.com/apps/news?pid=20603037&sid=aKAEcqlaVgfs

[arbitragr]

I think they're just snapping back from their unprecedented lows. No doubt, default rates might climb a bit further from here, but credit markets have definitely recovered and liquidity will more than likely comeback ... if it hasn't done so already.