Junk is not. (Wall Street West).Junk bonds have been hammered along with the stock market, and the declining perceived credit value of many corporations. Notoriety has driven up yields on junk bonds, said Larry Post, president of MW Post Advisory Group of West Los Angeles
Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the . Post's fund is up 3 percent on the year, after an 8 percent yield is counted in -- a lot better than stock market averages, which are off in the 20 percent to 30 per-cent range. And Post thinks the worst is over for the junk bond sector. "It seems like the market is down for emotional reasons. The economy is actually hanging in there," he said. Junk bond fund investors could win capital gains while also earning more than 8 percent a year in interest, noted Post. Contributing columnist Benjamin Mark Cole Mark Cole is a multi-instrumentalist blues and roots musician based in Gloucester, UK Music Mark primarily writes and performs blues music but also writes and performs music influenced by other American roots music genres such as americana, cajun, zydeco, bluegrass and writes about the local investment community for the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Business Journal. He can be reached at sevencontinents@mindspring.com. |
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