FYI: Bonds have been in a bull market for most of the past 35 years or so. Many investors are still buying, but they aren’t chasing past performance.
In August, more than 90% of the $30 billion that flowed into all mutual funds and exchange-traded funds went into taxable-bond funds, according to research firm Morningstar.
Yet the bond market has squeezed out only a 3% return so far this year, while U.S. stocks are up more than 13%.
Regards,
Ted
http://jasonzweig.com/bonds-or-stocks-choosing-the-lesser-of-two-expensive-evils/
