"In the short-run the stock indices and HY will get hit by low oil prices, but it's long-term good for the markets. Buy when there's blood running in the streets."

"In the short-run the stock indices and HY will get hit by low oil prices, but it's long-term good for the markets.  Buy when there's blood running in the streets."

HY means "High Yield Bonds" I think.

http://www.wsj.com/articles/global-stocks-pressured-by-oil-and-fed-1449825582