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"The high-yield bond market has been "extremely overvalued" for a record nine consecutive months, according to Martin Fridson, a money manager at Lehmann, Livian, Fridson Advisors LLC. As Bloomberg Brief's Matt Robinson notes, the streak breaks the previous record of eight months set in October 2006 to May 2007. As Fridson notes, "overvaluation (whether extreme or non-extreme) has put together an unbroken streak of 25 months, nearly double the previous record.""
"The high-yield bond market has been "extremely overvalued" for a record nine consecutive months, according to Martin Fridson, a money manager at Lehmann, Livian, Fridson Advisors LLC. As Bloomberg Brief's Matt Robinson notes, the streak breaks the previous record of eight months set in October 2006 to May 2007. As Fridson notes, "overvaluation (whether extreme or non-extreme) has put together an unbroken streak of 25 months, nearly double the previous record.""
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