Evergreen Virtual Advisor – Investment Newsletter by David Hay
Past EVAs have noted that the trailing 10-year return on the stock market now trails that of the 1930 to 1939 period. As you can see from the chart below, the last decade is now essentially tied with the fourth worst 10-year period going all the way back to the 1830s.
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Stock markets around the world remain under extraordinary pressure as do credit market such as corporate bonds and preferred stocks. The S&P 500 has now experienced its worst 10 year return in history. The odds are increasing that governments worldwide will more forcefully intervene to stabilize financial markets.
Continue ReadingLeave a CommentEvergreen Virtual Advisor – Investment Newsletter by David Hay
Incredibly, tax-free bonds now yield 20% more than taxable Treasury bonds. And in another sign of how topsy-turvy the credit markets are, A-rated bonds now yield more than BBB-rated issues.
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