Posts Tagged ‘bond bear market’

Too Big To Sell

March 4th, 2015 by Kurt L. Smith

As a long-time reader you know that I believe the bear market in Bonds began in June 2012. This is a “considerable” length of time ago, to use the parlance of the Federal Reserve, but when you are describing the end of an almost thirty year bull market run for Bonds, well, the longer they are, the harder they fall. (more…)

Buy The Euro; Enjoy Your Trip

February 6th, 2015 by Kurt L. Smith

Hot on the heels of a plunge in oil prices, the Euro has quickly reached a twelve year low. From 140 in May 2014 to 111 last month, like the price plunge in oil from $107 in June 2014 to $44 last month, we have no idea of the economic disruptions that are now under way. (more…)

Considerable Time Over

January 8th, 2015 by Kurt L. Smith

Long-time readers know we have been waiting for expected change in the bond markets for a…considerable time. After all, we are in year three of a bond bear market, yet all we seem to hear from bond market participants are interest rates should remain low for a considerable time…until they no longer do. (more…)

Now It Gets Interesting

November 3rd, 2014 by Kurt L. Smith

The Dow shed 1500 points last month and all of a sudden we can focus on something other than congratulating policymakers on keeping stock prices high and bond yields low. The financial world has been changing in rather dramatic ways but as long as stocks levitated and defied gravity no one seemed to care. (more…)

Big Bill Takes A Walk

October 9th, 2014 by Kurt L. Smith

Bill Gross leaving PIMCO is beyond newsworthy. While one expects to see successful founders, particularly billionaires, decide to hang it up and go do something different, Big Bill didn’t do that. Big Bill dropped a bombshell: he’s moving to Janus.

Big Bill was not a superstar in money management; he is a supernova. Like Peter Lynch of Fidelity’s Magellan mutual fund, Big Bill became a brand, the face of an entire asset class. And because everything is bigger in Bonds, Big Bill brought in big money, as in a trillion dollars or two. Big Bill is considered The Bond King! (more…)

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