“In the past two months, the stock market has posted strong gains that have given the bulls reason to run. Since the beginning of June, the S&P 500has rallied almost 4% in a short amount of time. When you consider that the S&P 500 has appreciated only 0.9% on an annualized basis over the past 10 years (9.4% on a Total Return Basis from the beginning of 2002 through the end of 2011), this most recent gain is impressive indeed.
In similar fashion, the High Yield sector has gained. With investors searching for risk and reaching for yield from Speculative Grade Fixed Income ”
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