The bond market is many times the size of the stock market. If we think the latter is reasonably efficient, isn’t the former as well and all of this information already baked into current prices? Isn’t this a case of thinking you’ve got something figured out that this enormous market, with highly sophisticated investors, doesn’t?
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The bond market is many times the size of the stock market. If we think the latter is reasonably efficient, isn’t the former as well and all of this information already baked into current prices? Isn’t this a case of thinking you’ve got something figured out that this enormous market, with highly sophisticated investors, doesn’t?
Post: Ditching Bonds
Link to comment from April 9, 2022