With the stock market so beaten down, investors are likely to continue to gravitate to bond funds, including those that invest in corporate bonds, The Wall Street Journal reports.
Marilyn Cohen, president of Envision Capital, said, I think a lot of investors have just had it with the equity markets, listening to all these market gurus saying, Oh, you got to be there when the equity markets turn around. They said that 1,000 Dow points ago. They have no credibility. The Baby Boomers are saying, Im too old to make up these losses. Im not going to risk it.