Quote from drsteph:
And yes, turning paper into hard assets defeats many things. The question is - when?
(not yet, IMHO) [/B]
Always, the question is "when." Gimme the answer to that and I'll give you the world. Trick is to turn a profit while retaining one's balance and sanity until the time comes ...
On a related note, my bet here is that the curve is going to bounce around inversion level longer than most are comfortable with - and long end prices will rally beginning of June like clockwork according to seasonal tendency, bouncing around near current levels in the meantime.
I liken it to 1999 when all (errr, many) were predicting a Nasdaq crash. Oh she'll turn, but in her own sweet time... Damn that was a long year!
