by Gary Gordon | Apr 8, 2020
They call ’em, “Fallen Angels.” They’re bonds that the credit agencies demote from investment grade (IG) to high yield (HY). Unfortunately, there’s nothing angelic about a wave of downgrades happening all at once. And that’s what transpires in recessions. For example,...
by Gary Gordon | Apr 6, 2020
According to the Wall Street Journal, corporate share buybacks have added a net of $4 trillion to the U.S stock market since the start of 2009. Contributions from elsewhere? They net out to ZERO. What that means is, since the end of the Great Recession, the only net...
by Gary Gordon | Apr 3, 2020
They call ’em, “Fallen Angels.” They’re bonds that the credit agencies demote from investment grade (IG) to high yield (HY). Unfortunately, there’s nothing angelic about a wave of downgrades happening all at once. And that’s what...
by Gary Gordon | Apr 1, 2020
It has been 20 years since the tech bubble burst. And it has been 12 year since the Bear Stearns bailout ushered in the Great Financial Crisis of 2008. Lost in the shuffle? Long-term investing results. Over 20 years, “risk-free” Treasury bonds have handily...
by Gary Gordon | Mar 31, 2020
The financial media would like you to believe that COVID-19 is the sole reason for economic hardship and financial market losses. Unfortunately, few outlets have been willing to dig deeper beneath the surface. For instance, before corona was a “thing,”...
