Markets of all stripes—U.S. stocks and bonds, Japanese stocks and bonds, European bourses and bonds, currencies, and commodities—hit a huge air pocket Wednesday and Thursday in the wake of a string of alarming events. First was Federal Reserve Chairman Ben Bernanke’s seemingly equivocal message about … Read More
Jeffrey Rosenberg, BlackRock‘s (BLK) chief fixed-income investment strategist, this week compares current global monetary policy with a “methadone market” in which central banks are swapping one form of addiction for another, saying banks’ cure to the credit crisis has simply been more credit.
Yet … Read More
Barron’s jubilantly joins the hoopla over Dow 15,000, having predicted it early last year. But the hoopla is haunted by one surprising fact: In inflation-adjusted terms, the blue-chip average is still well below its record high of Jan. 14, 2000.
Social Security checks … Read More
It’s hard to pass up a yield of 6% these days, so it’s little wonder investors have flooded into exchange-traded funds focusing on preferred stock. But many of these ETFs could end up hamstrung when rates start to rise, and can be at a distinct … Read More