Well, yes, the bondholders are bagholders. Which coincidentally they usually are. You do not buy a BBB bond with decades of maturity, because you hope you can flip it for massive gains after six months. There are probalby some ETFs affected by this ... somewhere behind the comma. These instruments are meant to be held and diversify your portfolio with constant interest cashflow. So if you point and laugh at a bondholder because they are bagholders now, the joke might not be entirely on them.
As for Oracle, we´ll see what this means. As long as they don´t get downgraded at some point this could be entirely a fluke. As we know from the time between last earnings and these earning these can be over pretty fast. For the forseeable future I do not see any relevant risk of them not being able to fulfill their commitments.
I don´t own the stock and have no intention of buying it. But regarding this article I consider it quite misunderstood. It´s a nice anekdote fitting the current mood. Not more.