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A slow-growing economy may be worrisome for stocks, says Martin Fridson, but it's great for junk...

A slow-growing economy may be worrisome for stocks, says Martin Fridson, but it's great for junk bonds, as it provides enough for issuers to cover interest payments. Investors pulled $3B from high-yield mutual funds for the week ended May 23, the most in 9 months and a big change from the $36.6B poured into those same funds from January to April.
Comments (2)
  • There is a Martin Fridson who wrote a book 'financial statement analysis'. If this is the same person my hats off to you it was a great book.
    1 Jun 2012, 03:45 PM Reply Like
  • Fridson's the best
    1 Jun 2012, 04:08 PM Reply Like
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