September 3, 2010
Whitney Tilson says he’s seeing some of the best opportunities he’s ever seen in big, high-quality blue chip equities, but that a bubble is forming in blue chip bonds. Investors, he says, appear willing to accept any yield on safe bonds, but have no interest in buying shares of the safest companies, even though those companies are doing quite well. Tilson also discusses why the next ten years should be better than the last ten for stocks.
The only way Tilson is wrong is if we go into a Depression. Not impossible, so thus the low bond yields…