FYI: With bond yields around the world plunging to fresh lows this year, investors have been seeking out alternatives. That’s made bond proxies, or bond-like-stocks, a hot commodity.
Companies in sectors that usually provide reliable, and even rising dividends have seen their share prices driven upwards, even without a consummate improvement in profitability. That’s pushed price to earnings ratios to their highest levels in years in parts of the market
Regards,
Ted
http://blogs.wsj.com/moneybeat/2016/08/22/risks-linger-as-global-hunt-for-yield-pumps-up-stocks-that-act-like-bonds/
