We just had a great jobs report. The Fed said if jobs are good they'll start tapering. So, they'll stop buying bonds. If they stop buying bonds, they'll stop buying bonds. And eventually need to sell trillions of $ worth of bonds. Who's buying. Thus, train wreck.
I never cease to be amazed that anyone would have 100 pct in anything. And along the same lines so many are 100pct out of bonds now. Alot of emotional investors....money\investments is something that should be divorced from emotions.
And what gets me is Bill Gross keeps telling people now's the time to buy bonds. He used to be the bond king, he's losing his luster, unfortunately. Like I said he's heavy on long-term bonds, which is insane to me, because everyone knows (including him, until he had his "realization" after shorting) that long term bond interest rates are a joke giving the Fed printing and the Fed owning $trillions in bonds.