HISTORY SAYS BUY: Since the Fed's first stimulus in November 2008, the S&P 500 has gained 85 percent. Risky high-yield bonds have gained 68 percent.
WARNING SIGNS: But the world economy is slowing, and Wall Street analysts expect earnings to fall this quarter, the first drop in years. And high-yield is no longer worthy the name. It's paying just 6 percent in interest, a record low.
(Copyright 2012 by The Associated Press. All Rights Reserved.)