No one should confuse stocks with bonds, but there’s a case for valuing equities as if they were fixed-income securities. There are several caveats, of course, but that’s always true with financial analysis. The question is whether there’s anything to learn when it comes to analyzing stocks as would-be bonds? Yes, although it’s not a silver bullet, nor is it helpful for short-term trading. And to the extent we do so, this valuation approach should be used simultaneously with other techniques. That said, there’s something to be said for taking a page from the world of fixed-income when assessing the stock market.