birder

Some Graham and Dodd Type Thoughts on Stocks vs. Bonds

There is a difference that you neglected to mention. That is the tax treatment of stocks vs bonds. With the preferred tax treatment of capital gains and currently dividends too, the in your pocket returns of stocks are greater than bonds.

Corporate Bonds Haven’t Been This Cheap Since 1932

It isn't just corporate debt that is cheap. Muni debt is also cheap, perhaps cheaper. But we have at least two states on the verge of default. How many companies are on the verge also? Two years ago everyone thought that AIG was blue chip. Now we find out it is nothing but a cow chip. How many more companies are being raped by their CEOs? We should find out more by 2011.