“Get out now. You can ask all the questions you want later. Everyone saw (or still sees) a turn in the bond market coming. Bonds have been going up for 33 years. They can’t go up forever. What can’t last forever has to stop sometime. This seems like as good a time as any. But everyone cannot get out of their bond investments at the same time in a calm, orderly way. Some will hesitate… wait too long… and then, every bounce will encourage them to wait longer, hoping to recover their losses. Others will stumble and be crushed underfoot, selling their bonds at panic prices. Is the panic happening already? No. We’ve only smelled the first faint whiffs of fear.”
http://www.billbonnersdiary.com/articles/bonner-bear-bonds.html
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