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  • axsjpinaz axsjpinaz Jan 2, 2013 9:11 AM Flag

    Too Late To Get In?

    New York CNN Money:
    U.S. stocks are expected to grind higher in 2013, but don't expect another year of double-digit gains.
    According to more than 30 investment strategists and money managers surveyed by CNNMoney, the S&P 500 should finish 2013 at 1,490, up 4.5% for the year. While that's not anything to scoff at, it's a far cry from last year's 13% increase.

    4.5% I think BOND can beat that without the downside risk. JMHO

    Sentiment: Buy

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    • I noticed BOND had dropped below $109 today....good entry point or is $108 to follow soon? Always the $64 question.

    • What all these strategists have in common is they have no more way of predicting what equities will do over a year, or even a month, than anyone else. In fact, a lot of these people were expecting 2012 to be a bad one for bond fund owners--glad I didn't listen to them.

      Gross can protect his portfolio to a degree but rate hikes coming off these unreal low levels will leave little place to hide. Many can recall when Greenspan came off a low and soon was hiking rates every time you turned around. It was a savage time for bond funds, and equities, too. Bernanke hopes to keep rates this low through 2013 (cross our fingers) but once he opens the flood gate, no matter how he tries to contain it, bond funds are going to get hurt bad. But if I have my money with anyone in the bond arena, it will be Bill Gross. I'm still a buyer here.

      Sentiment: Buy

105.8798+0.3798(+0.36%)9:30 AMEST