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Subject:  The Stock vs. the Bond? Date:  1/11/2013  12:57 PM
Author:  globalist2013 Number:  34654 of 35909

“When (or whether) to buy the stock versus the bond?”

That's an interesting question, right? So let’s use Nokia as an example and look at charts. Their 5.375’s of ’19 are currently offered at 98 x 322 (10). The stock is at $4.53. As you can see (if you’re running a multi-monitor setup, as you should be, so you can put each chart on its own screen), prices for the debt and the common parallel each other. The bottom for the stock, and the bottom for the bond-- which was a good time to be buying either-- were the same time.

Now comes the” narrative fallacy”. In retrospect, everything looks obvious. So, of course, it’s easy to look back and said what shoulda/coulda been done. But is there some way someone could have done reasonable entries into either? Yeah,