Yves Lamoureux' Observations On Negative Risk Premium And Return Assumptions

Tyler Durden's picture

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Cognitive Dissonance's picture

Solid assessment. Which means it will be ignored by the Red Bull HAL9000 SkyNet Wall Street GS crowd.

Facts? Fundamentals? I don't need no stinking fundamentals.

buzzsaw99's picture

I am absolutely fearless of higher T-bond rates, and have been since June as well.

…unexpectedly…'s picture

Invest in corporate bonds?  Please, list the top ten companies (along with their CEO and CUSIP) that I should trust (absolutely) to pay me my P&I over say the next 10 years.  This is particularly important when rates can only go up from here, thus precipitating the hold to maturity tactic.  Trade bonds?  Maybe.  Investing is so 2002.

I have a hard time listing the first one.











deadhead's picture

please do not use CUSIP numbers as it is a trite annoyance to some folks.

unless you are in the front office or back door operations.

…unexpectedly…'s picture

I don't think it will be a problem.  I postulate that in this environment, on a long enough timeline the hold-to-maturity-testicular-fortitude rate for everyone drops to zero.

Mos's picture

Coco Cola

Smith and Wesson

Maker of Trojan condoms


That's all I could come up with.

Anonymous's picture

It's like walking the midway at a carnival...

Yossarian's picture

Does the stock return include dividends? 

Anonymous's picture

of course not. Why let the truth get in the way of a good argument.

Anonymous's picture

Depending on user setting BB auto adjusts for dvds

Carina's picture

30-yr treasury yield down to 3.94 10-yr down to 3.17 - Watch the 10-yr go to 2.5.  The bond market is much smarter than the stock market.

Anonymous's picture

And now for something completely different...

I can't get over how many people misspell losing as loosing...

i wish they would lose the the looseness with their spelling - it is like spelling huge as hugh...

sorry, but i can't take authors of articles that contain errors like that that seriously.

now back to your regularly scheduled programming.

defender's picture

So, let me get this straight.  Someone makes a typo, and their opinion/research becomes invalid?  And not to be picky, but it looks like there is an extra "the" in the middle of your rant, but what do I no.

Anonymous's picture

know, a typo doesn't necessarily invalidate an opinion ore research but it does reflect on its credibilty.