February 13, 2012 at 09:53 AM EST
Hold Your Nose And 'Rent' The Junk
The stock rally in 2012 has been characterized by a low-quality rally, or "dash for trash". I wrote here that investors were under-invested in equities and have been rushing for the entrance. They have been chasing the low-quality high-beta names as a way to quickly increase their equity exposure. [More...]
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