Rarebird: "There are a few things you forgot to mention. Firstly, the corporate sector is more leveraged now than it has ever been. That is to say, corporate debt is at an all time high."
No, I did not forget. Corporate debt is almost always at an all-time high. I don't deny that leverage is and will be an issue. I did not try to compare the similarities and differences between the different periods I looked at. For example, the banking sector (despite some problems) is in much better shape than it was 13 years ago.
Rarebird: "Secondly, many on this board do not primarily buy the JNJ's of the world, they go primarily for the stocks with high yields, the REITs, the BDCs, CEFS, the stocks that have gotten annihilated in this bear market"
I am not making judgments about people's investment decisions. Look at my "addendum" from my post. Of course, I agree with you. That is one of the reasons I have made myself scarce here for awhile. My stock picks seem to be out of the "mainstream," That's fine. It's not my board. Plus, I am content with a 3+% average yield. |
