Some smarties see value in junk bond rubbleAaron Pressman
At some point, despite all the hysteria, the markets will bottom. Rarely does each market segment hit bottom at the same time, however. After junk bonds dropped 3% in July, the worst monthly performance since the post-Internet bubble, Enron-induced panic of 2002, some savvy fixed-income pros say it’s time to buy, Bloomberg reports today.
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