I like to answer questions like this one using trends of the business cycle.
Interest rates, including corporate bond yields, decline when the economy slows down.
Interest rates rise, including corporate bond yields, when the economy strengthens.
The issue is not whether we are in a bubble or not. The issue is what is happening to the economy.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked best market timer in the 12 and 6 months ending 8/20/10 by Timer Digest
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