While we all know that investing in stocks has been painful, some readers may be surprised to learn that Treasuries haven't provided a much better alternative. While the S&P 500 is down 8% so far this year, long-term Treasuries (as measured by the US Long Bond future) are down almost 6%. With the recent break below their 50-day moving average, bonds are hardly looking like a 'safe' alternative in the current environment.
No comments:
Post a Comment