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HY Credit Stress...The Shemittah Effect???

BarnacleBob

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"All financial/economic crashes & collapses originate in the credit markets"

From ZH:

It appears the post-PIMCO-effect is not wearing off. Having had a weekend to soak up the reality of what outflows will mean for Gross' old shop, credit markets are once again flashing bright red this morning as managers reach for protection ahead of expected redemptions which would force selling into an illiquid market.

http://www.zerohedge.com/news/2014-09-29/stocks-tumble-high-yield-credit-risk-spikes-1-year-highs

Watch the Credit Markets carefully.... Weakness will induce margin calls across all sectors of the markets as credit withdraws and/or demands higher collateral components due to risk!

The big ? today is where will the big players seek refuge & safe harbor when they are confronted by the coming storm front & a major capitulation? As most traditional safe havens are no longer safe due to the central planners previous & ongoing policies.....







 

BarnacleBob

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GET READY: BIBLICAL 'SHEMITAH' BEGINS THIS WEEK

"For instance, the five greatest economic crashes of the last 40 years – 1973, 1980, 1987, 2001 and 2008 – all occurred in Shemitah years – those God set apart as Sabbath years.

As he pointed out in his earlier book, in "2001 and 2008 they coincided precisely with the exact end of the Shemitah year on the Hebrew calendar day of Elul 29.

http://mobile.wnd.com/2014/09/get-ready-shemitah-begins-this-week/
 

BarnacleBob

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Seen this???

'Bond King' Bill Gross quits Pimco for Janus

http://mobile.reuters.com/article/idUSKCN0HL1DJ20140926?irpc=932

Hmmmm.... wonder whats really going on at PIMCO, as Goss was a co-founder of this organization... Is this a sign that a possible Top in bonds has arrived, or has there been or is there some skeletons about to emerge from PIMCO's closet???
 

birddog

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GET READY: BIBLICAL 'SHEMITAH' BEGINS THIS WEEK

"For instance, the five greatest economic crashes of the last 40 years – 1973, 1980, 1987, 2001 and 2008 – all occurred in Shemitah years – those God set apart as Sabbath years.

As he pointed out in his earlier book, in "2001 and 2008 they coincided precisely with the exact end of the Shemitah year on the Hebrew calendar day of Elul 29.

http://mobile.wnd.com/2014/09/get-ready-shemitah-begins-this-week/
I just got the book - haven't had a second to read it yet.