This is much worse than junk bonds, since the default rate on those even at the height of credit crisis never reached 20 %. (allfinancialmatters.com)
When I talk about diversification, I often get told that it's been irrelevant over the last 10 years, particularly during the global credit crisis in 2008 - 2009. (iwillteachyoutoberich.com)
The big moves of the market as a whole have usually been correlated with credit crises, which are part of the financial sector, not the tech sector. (alephblog.com)