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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (7230)	2/7/2004 2:51:17 PM
From: mishedlo	Respond to of 110194

Emerging Market Debt I would agree with this article and wonder what Bill Gross is messing in this arena for. ======================================================== economist.com Here's another snip: Investing in bonds is, as Benjamin Graham and David Dodd (authors of the 1934 investing classic “Security Analysis”) put it, a loser's game. Unless you buy debt at distressed levels, the upside is limited and the downside decidedly less so, which is why bond portfolios cannot be diversified anything like as much as equity portfolios.