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The “yield gap” between the earnings yield on equities and the corporate bond yield is telling you that either corporate bond prices will need to rally more down the road or we need to start seeing corporate earnings growth recover sharply enough to pull the P/E multiples down to more attractive levels, according to a recent report by David Rosenberg. [...] More on this topic (What's this?) David Rosenberg: Corporate Bonds Still More Attractive Than Equities (GreenLightAdvisor Views, 7/4/09) Corporate Bonds Are A Good Opportunity (Short-Term Trading, 6/4/09) Why corporate bonds are still expensive (EPIC INVESTOR, 4/30/09)
The holiday-shortened week saw investors pondering the depth of the economic rabbit-hole. As investors vacillated, most financial markets were characterized by a roller-coaster ride. Friday’s worse-than-expected jobs data left no doubt that the economy was in recession. The highlights of the discussions were captured on video and are included in this video-o-rama compilation. [...]  |
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
 (requires Windows Media Player) 
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By Prieur du Plessis, on July 4th, 2009 posted in: 
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