Hey, quit singin' about the long part of my portfolio. D*mn cats won't bounce!! Neither will the frogs, rabbits, or toad! Got wise, though, and stayed out of armadillo.
Would like to solicit your views (Mike or other
threadsters, esp. MMV or tippett) on bonds, since my
current retirement plan money has been going half into money market,
half into a bond fund that has over 8.5% total return so far this
year. I am thinking it's time to ditch the bond fund and move it
into money market, for various reasons including that 5% on the
30 year was my initial target, and also that the fund has about
32% in mortgage backed (39% us govt, 26% corporate), and I think we
may see risk premia increasing in corporate stuff. (Is this
happening already?) Also, can't the mortgage backed stuff
be hurt by refinancing? In any case when/if the dollar stops
rising, we might see some capital outflow (hence falling bond
prices), even back to the
savaged (but cheap) economies of Asia, although we may have to
wait for them to start recovering, and us to start hurting worse
from their exports. Maybe I'll switch half now, and let the other
half ride... thoughts?
Cheers,
HB |
