Surprise: Treasury Bears are Still Bearish
These poor guys can't win for losing!
Case in point, Fortune magazine senior editor:
Financial markets can make you look really foolish, even if you thought your analysis was right, and still do. Today's humbling example: The best investment by far for the first half of this year has been the one that people like me have been warning against: long-term U.S. Treasury bonds.Next example, a Wall Street Journal column today:
If you own bond mutual funds, that part of your portfolio likely has come through the past few months' market turmoil in fairly good shape.BTW, the previous post about James Altucher really is hilarious. He is now on record saying you can "throw a dart" at the WSJ and make money no matter what you own.
But don't take that steady performance for granted.
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