PYM. Hi sunnyq. I've been keeping an eye on PYM too. However, that SP jump on Friday was only one small buy at the close. Otherwise it would have closed 11.5c. Jury still out imo.
Here's some good news from the lounge.
"The ratio of the S&P 500 Total Return Index relative to the Merrill Lynch 10-Yr Treasury Total Return Index broke out last month from a bearish trend that has been in place since the secular bear market in stocks began in 2000.
This suggests that the long-term outperformance of bonds over stocks may be over with stocks providing higher long-run returns over bonds."
