Crank Monkey

6.5% Rallies Only Occur in Bear Markets

Bonds aren't all alike. High yield bonds suffer from default risk, while higher rated bonds are subject the risk of increasing interest rates. If deflation is the order of the day, then junk bonds could crater. Conversely, if inflation ensues then higher rates could make higher rated bonds falter. Unless you can guess what the economic environment will be like, it's hard to say where bonds will wind up.

Are International Equities Out of the Woods Yet?

Gran would do better with a box of jelly donuts.