Rosenberg: Corporate bonds still more attractive than equities

The following paragraphs are excerpts from Thursday’s market musings by David Rosenberg, chief economist and strategist of Gluskin Sheff & Associates in which he deliberates the investment merit of corporate bonds versus equities. “First, while Baa corporate spreads have narrowed sharply from their Armageddon highs, at 370 basis points they are still pricing in a very bad economic and financia...
Original article from http://www.investmentpostcards.com/2009/07/04/rosenberg-corporate-bonds-still-more-attractive-than-equities/