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re: The Lesson of Oil
Posted on 12/30/14 at 12:39 pm to Lou Pai
Posted on 12/30/14 at 12:39 pm to Lou Pai
With a pretty high percentage of the high yield market tied up in one industry, a big pop of defaults could spook the entire market. If it results in pullbacks of new money available for capital... it could make that money more expensive for everyone who wants it, no matter what industry they are in.
1
Posted on 12/31/14 at 2:55 am to LSUFanHouston
This. Good explanation. 
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