It's hard to argue that the modest fall in junk bond prices suggests that a larger correction is imminent. (charlessizemore.com)
Particularly when junk bond prices get so high that they are likely to be called. (alephblog.com)
Also, the default rate may reach or exceed the previous peak in 2002 if the economy remains weak, suggesting major declines in junk bond prices. (investorsinsight.com)