Friday, 8 April 2011

PIK Your Poison – Back to Bubble-Era Bonds

http://blogs.wsj.com/marketbeat/2011/04/07/pik-your-poison-back-to-bubble-era-bonds/?mod=google_news_blog

One more sign that we are close to mania era top in the market.
After being burnt in the crash of 2008, PIK is back in fashion.
People do really have a very short memory.

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