FYI: Old bull markets don’t produce new ideas. They just produce new ways for investors to hurt themselves with old ideas.
With stocks at record highs and the income on bonds not far from record lows, circumstantial evidence suggests investors are getting restless — if not desperate.
Chasing “yield,” or trying to get higher investment income, is one form of desperation. Last month, $1.6 billion in new money poured into exchange-traded funds holding high-yield corporate bonds, according to FactSet.
Regards,
Ted
http://jasonzweig.com/income-investors-its-ok-to-be-sad-but-dont-get-desperate/
