MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Fridson: High Yield Has Been Extremely Overvalued for 17 Months

PennyBonds
in The Bullpen
Just because junk bonds haven't retreated yet from lofty valuations, doesn't mean they won't, warns this verteran high yield analyst.
But the steady returns (up 6% year-t0-date) doesn't change the fact that they have been and remain extremely overvalued -- which sets them up for a correction at some point, argues Fridson.
http://www.barrons.com/articles/fridson-high-yield-has-been-extremely-overvalued-for-17-months-1505915731?mod=hp_RTA&;
Sign In or Register to comment.