Has the "worship of stocks turned into the worship of bonds," asks Sober Look, noting - as have...

|By:, SA News Editor

Has the "worship of stocks turned into the worship of bonds," asks Sober Look, noting - as have others - massive inflows into bond funds at the expense of stocks. Worth a look is the disappearing spread between the average yield on 5-year corporates vs. the S&P dividend yield - one can now get nearly the same yield holding the broad stock market as holding corporate paper.