Won't Get Fooled Again
Smile and grin at the change all around
Pick up my guitar and play
Just like yesterday
Then I'll get on my knees and pray
We don't get fooled again
The firm's products are profitable, but they are just the key. The key that unlocks much higher margin businesses elsewhere and going forward.
Investor sentiment has yet to show a significant level of fear associated with correction lows.
Future declines may be likely.
Is this becoming a 'single issue' market singularly focused on yields? That will eventually change, but the turning point seems a bit away.