What junk bonds are saying about the stock market – CNBC.com

Read MoreGoldman: ‘Dramatic divergence’ coming in marketLate in the spring, fund managers David Einhorn and Dan Loeb argued that some business sectors were experiencing bubble-like valuations and were bound to pop; more recently, in a late-July investor letter, money managers at the $25 billion hedge fund Elliott Management called the U.S. stock market “frothy.””Financial asset prices are artificial, the equilibrium […]