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Post# of 704044
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Ace Hanlon

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Ace Hanlon

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Re: Belgie24 post# 336102

Friday, 12/17/2004 5:55:35 PM

Friday, December 17, 2004 5:55:35 PM

Post# of 704044
I get the yield and price of my junk fund (SPHIX) every day and compare it with TNX. My fund now yields about 5.7% versus 4.2% fro TNX, That is a spread of about 150 basis points -- EXTREMELY LOW by historical norms.

Junk bonds are as overpriced as stocks IMHO but there is no sign yet of a trend reversal.




“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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