John, I don't want you to think I am arguing over this. I respect anyones opinion - money made is private whatever you do with it is your business. I just believe in long term statistics and not that bearish on the general economy (I am bearish on CA and tech economy) Between 1989-1990 the last junk crash the the average junk fund lost .48 percent in 1989 and 9.96 percent in 1990. Invesco and Vanguard feared better 4.6 - 5.8 % (1990) respectively. The nasdaq lost 60% in one year I rather have a junk bond crash.