Zeev's Turnips Patch-No Politics (ZEEV)

[Captain_Jack]

george8-- ALMOST agree. junk bonds drop with the mkt and rise the same way as the PERCEPTION of default rises & falls. Over the past 2 years junk bonds have fallen with the mkt. A few months ago I bought tons of HYF, a closed end junk bond fund. DIVs have fallen along with the price. Now it only pays around 18%, LOL! Still the cap gains have been great & many more are expected. Esp nice as the DIVs are purchasing additional shares for now. As the mkt recovers I suspect it will get over $6 easily. In thev mean time the DIVs are appreciated and if it is cut more-- who cares?