“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
The Appetite for Yield
Another new high for top-notch corporate debt, such as that of Citigroup, JPMorgan, Credit Suisse, and Wells Fargo. Bank paper is only 27% of the total ETF. The fund is currently sporting a yield of 4.4%, so what could go wrong?
