Bond Funds
As we sit in year-7 of a historic bull market, with earnings likely to decline for the 3rd consecutive quarter, the lack of a margin of safety in most stocks, bonds, and real estate is becoming painfully obvious. The Federal Reserve’s record-low interest rate policies have driven all asset classes higher, to levels where the...
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Jeremy Siegel is a little bit more bullish than I am on the overall market.  He does correctly understand that because of this extremely low interest rate environment stocks are the best relative value.  Bond funds are a huge concern subjecting investors to tremendous interest rate risks.  While at T&T Capital Management we may not...
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