Gurus Trip Over Bond/Stock Correlation
A good number of Wall Street “gurus” have, for quite some time now, been loudly and repeatedly warning investors that bond yields will soar. That, they caution, will in turn lead to falling stock prices.
Unfortunately, this bit of “conventional wisdom” regarding the relationship between stocks and bonds may have led many investors to panic and abandon even well-thought-out financial plans.
So far this year, the market’s actual results provide yet another example of why investors are best served by following Warren Buffett’s sage advice: Ignore all market forecasts because they tell you nothing about the market, although they do tell you a lot about the person making the prediction.
Read the rest of the article on ETF.com.