Thursday, January 6, 2011

Bonds or Equities - Who Is Right?

Interesting stat on a boring day. The SPX topped in Oct. 07 but really did not start it's slide until May of 2008. Meanwhile the recession started in Dec. of 2007. So the equity market is not very good at times of forecasting an economic downturn. By comparison, the 30 year treasury peaked in yield in June of 2007. Just something to consider...
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