Bonding with Stocks Update, from Kim Zussman
Attached is ratio SPY/TLT (weekly, 2002-present). The current 1.4 is highest since late 2008, but lower than any time during the four year bull market of 7/03-8/08. The trend of consensus lately seems to be stocks up and bonds down, which is supported by prospects of growing economy, no deflation, and the housing market remaining other people's problem.
