As bonds approach the artificial zero bound, where do we go next especially after the record setting +30% in 2011? The rolling 250-day total return has rarely gone negative since the inception of the Vanguard Funds VBMFX and VUSTX. I am intentionally an ex-bond fund manager, so I am very interested.
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| From TimelyPortfolio |
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| From TimelyPortfolio |
Gary Shilling, yes, that fellow who initiated a Buy on zero-coupon 30 year Treasurys in 1982, and "keep rolling them over till I tell you to stop"...he hasn't said stop yet...in fact, he's very happy buying zeros here, looking for 20+% cap gains.
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