Last of the bond bulls shows no fear + free broker & more!

[GeorgeF]

You might think that a war, the rise in all commodities prices, not to mention budget deficits would put some fear into a bond bull. Nah, Van Hoisington and Lacy Hunt have not backed down a bit. Needless to say that managing a fund, WHOSX, entirely invested in long dated bonds might be a reason for their opinions. Still with Buffett prefering cash and Gross (PIMCO) recomenting TIPS and commodities it takes guts not to hedge a bit. Essentially their argument is that without wage increases, consumer price increases will just reduce GDP growth, which they say is good for bonds. Who would have thunk it!!

For the 1st qtr comments:
http://www.hoisingtonmgt.com/hoising...c_overview.htm

For those interested in 'speculating' this is a real good academic paper:
http://www.fooledbyrandomness.org/bleedblowup.pdf

Free discount broker (new ameritrade division):
http://www.freetrade.com/who_we_are.html