Yahoo Finanzen 
This comic says everything you need to know about junk-bond investors right now
Via Morgan Stanley:
(Morgan Stanley)
For those unfamiliar with high-yield bonds, they are "high-paying bonds with lower credit ratings than investment-grade corporate bonds, Treasury bonds, and municipal bonds.
"Because of the higher risk of default, these bonds pay a higher yield than investment-grade ones."
Notably, some investors like Doubleline Capital's Jeff Gundlach have warned about the "collateral damage" from today's environment of lower oil prices.
"A huge percentage of North American energy companies are losing money. Probably the worst investment is a junk-bond index fund, because it will get overexposed to (energy) defaults," Gundlach told Barron's, according to Forbes.
And, of course, one of the issues with the oil is that there's just too much of it on the market.
Hence, the aforementioned joke.
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