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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
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.
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Forrest Gump: "My mama always said life was like a box of chocolates. You never know what you're gonna get". I don't know how long I got to live so I must be dumber than dumb.
Aug 27 09:07 PM
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