Subject: Re: OT - Div yields and returns
Jim wrote: It has some merit as an explanation, even if it isn't the most intelligent thinking for investors.
...
Well, I never claimed to be the sharpest tool in the box!

I think YOUR thinking was good, which was that many in the market might be thinking that way, so it has explanatory power for the observed numbers.
It's THEIR thinking that I think is a bit muddled : )
Reaching for yield rarely ends well, as people tend to lose focus on the underlying wealth generation (earnings) of the investment in question.

I would say you probably ARE the sharpest tool in the typical analysis box, but maybe even in this context it's not good to call someone a tool... : )

Jim