“I’ve never seen THIS in 34 years of investing,” quipped media personality Jim Cramer on Monday. What was Mr. Cramer referring to? For the most part, he expressed excitement over the stock market’s ability to reward stocks of companies that missed earnings expectations as well as to reward those that beat expectations by not taking [...] [...more]
As long as interest rates remain low, excess money eventually moves into riskier areas on the spectrum. Higher yielding bonds, convertibles, preferreds, stocks… they all benefit.
Of course, if fewer people buy treasuries because they pursue greater risks, the Federal Reserve must continue to offset waning demand. Is $85 billion per month enough? It better be.
Consider [...] [...more]