But eventually turds become fertilizer for "green shoots."
3% might be an inflexion point were people start buying. Conversly, 3% might be were the current long-term holders throw in the towel and sell. I have no clue what's going to happen, but I am serously considering buying some of this turd if the 10yr hits 3%
I just started buying again and portfolio went from 42% to below 5% PTTRX early this year. Today i increased future allocation to 90% and transferred a few shares, will continue aggressively as long as it's below 10.85 per share. Made a killing dumping this and buying growth mutual funds, i can still sleep good even if the share drop all the way to $9.01 per share, my no gain no loss number.