“Let me be clear. This is absolutely wrong. Yields are NOT going to rise any time soon.”
There is one thing about being an asset manager. Timing is everything. The synonym for“early” in the investment business – is “wrong.” If you had bought the Nikkei two years ago you would now be right – after losing about 20%. Now is the right time.
Talking heads on CNBC started talking about a new bull market in stocks. REALLY? That started 4 years ago folks. We are likely closer to the end of a bull market cycle than a beginning.
Lastly, why own bonds, because they are negatively correlated to stocks. You may not get rich - but you will survive the long term investment game.
http://www.streettalklive.com/daily-x-change/1689-jeff-gundlach-why-own-bonds-at-all.html
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