Jim Grant on rising bond yields: The market thinks the Fed may have overdone it (youtube.com)
Bond rates have risen almost every day since the Fed cut in September. The trends in debts and deficits.
You just never know when the masses will understand things. The reasons being stated now, amid a very red market day and increasing worry about the bond market, are reasons a small percentage of conservative investors cited for not going into the market over the past couple years. They were wrong, because though we knew these things, the public ‘didn’t care or seem to care' and they just played like there was no issue to be concerned about, there was no possible risk. So they may have come into the market late, but now suddenly the masses seem to be aware and starting to be concerned about these things, and the market is going down. Buy low is as much a bet on the ignorance or stupidity of the masses as anything.