Junk bonds have quickly gone from extremely overvalued in April to cheap.
He believes the fundamentals/valuation is suggests it is time to buy, but that the technicals suggest waiting a while longer.
He does not like the simple idea of trading bonds for high dividend-paying stocks because of the volatility of stocks. Yes the yields are higher, but you must consider the volatility involved.
He believes the fundamentals/valuation is suggests it is time to buy, but that the technicals suggest waiting a while longer.
He does not like the simple idea of trading bonds for high dividend-paying stocks because of the volatility of stocks. Yes the yields are higher, but you must consider the volatility involved.
