Long-term bonds have been hated for quite some time. It was about a year ago that Bill Gross was loudly denouncing them. Despite putting in a stellar performance since then they’re still hated today. None other than Warren Buffett and Leon Cooperman have taken up Gross’ banner.
I’m not a buyer but this asset class may continue to make fools of the bears simply because it’s so hated. ‘The market can stay irrational…’