Bonds Beat Stocks: 1981-2011
Treasuries are beginning to get some attention after their remarkable run, which I took advantage of since the early stages of my macro analyst career.
Although I still believe that the asset class has more to run, sentiment is weakening as a factor for more appreciation. More and more investors are realizing how prudent the investment would have been over the past couple of decades.
I’ll be monitoring what may be a growing love for the asset class. A top usually takes place when most people are buying the investment. Suffice to say, with all the fear out there and the possibility of turbulence ahead, Treasuries may end up being universally loved in the months ahead.
What goes up, must come down.
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rationalcapitalistspeculator posted this