Image via Wikipedia
Stock investors are giddy about the impending v-shaped recovery (which, at this point, seems required to drive the stock market higher).
Bond investors, meanwhile, are looking forward and seeing nothing but crap. Despite trillions of proto-inflationary reserves being pumped into the global economic system, bonds are rallying and rates are dropping.
Why?
Because bond investors aren't buying the v-shaped recovery thing.
Bond Market To Stock Investors: You People Are A Bunch Of Morons
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_a.png?x-id=540720e0-899b-4a59-9b29-1a6fd2462878)
