“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
Corporate Bonds vs. Treasuries
One of the measures we use for risk tolerance in the markets is the ratio of investment grade corporate bonds (LQD) to long-term U.S. Treasury Bonds (TLT). LQD currently yields 3.7% compared to 3.1% for TLT.
