Still Smart to Bet Against Treasury Bonds

From Barron's

THURSDAY, JULY 9, 2009

HULBERT ON MARKETS

Though they've fallen in price, these long-term investments remain a poor choice.

What's the bottom line? It was perhaps best put by Dan Seiver, editor of the PAD System Report, and a visiting finance professor at San Diego State University, who late last year and early this year correctly forecast that the long Treasury bonds were going to plunge. Given how much lower those bonds are today than earlier this year, he said, they are today perhaps not the "screaming sell" they were then. But they nevertheless remain a sell.