Today the Dow dropped 800 points, the worst day for the year. But headlines failed to point out, again, that bonds made a killing. In fact, over the last eight trading days, long-term government bonds have gained almost four times as much as stocks have lost. Did you see that headline anywhere? [More]

When the stock market fell yesterday, the financial news blared about falling rates and trouble in bonds. Yet it was a spectacular day for bonds! [More]