本帖最后由 AGA7d 于 2011-1-24 12:11 编辑
That's the time QiuYue kept saying buy TLT
AGA7d Aug 28 06:43 PM
Saying there is no bubble in bond now is like saying there is no bubble in the housing in 2005. The Fed will bid more aggressively on the new T-notes if necessary, so there is no hiding there. As for the economy, it is hanging, there is nothing in sight that can cause a collapse. This will guarantee a healthy corporate earnings down the road. No top-line growth? Who cares - is 3x yield (SPX earnings yield vs 10-year T-note) not enough? Historically, corporate earnings are doing just fine during stagnant growth period. Today lots of people are afraid of the equity market - wait a year (or less) and see if they are afraid or jealous... |