So will the spread go to -500bps?! Can't happen right?
Go to Business Insider to see the chart http://www.businessinsider.com/the-most-important-charts-of-2012-2012-12#david-schawel-portfolio-manager-71.
Thursday, December 20, 2012
Junk Bond − S&P Earnings Yield Spread Goes Negative For The First Time Ever!
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Junk Bond-SPX Earnings Yield Spread
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