And unlike stocks, bond investors don’t have any need to “catch up.” If anything, mutual fund investors would seem to have come into 2009 over weighted in bonds. Not only did mutual fund investors redeem $233 billion in equity funds in 2008, those same funds plunged in market value d...
A lot of people said that during the 15 years of discussion, there will be big asset rotation, which will switch from bond bull market to stock bull market. In my view, there is no major asset rotation in this round, because the major asset rotation is due to economic recovery and risi...