Do you expect bond prices and stock prices to be positively or negatively correlated? If so, why? If not, why not? Q1 Chris Brightman, a chief investment officer, is quoted in the news report as saying, "You cannot count on the sort of investment returns seen over history for a period of time. Bond yields, dividend and earnings yields are at a low starting point and it means future returns will be low when compared to history." Explain his reasoning. If bond yields, dividend and earnings yields are low, why does it mean we should expect future returns to be low?