Did you notice?

S&P put the U.S. government on notice that it risks losing its AAA ranking unless officials agree on a plan by 2013 to reduce budget deficits and the national debt.

Treasuries and high-grade corporate bonds rallied strongly today as stocks and junk bonds declined sharply.

The markets seem to tell us that if we want to bring our deficit in check, bonds are the place to be in. Bill Gross does not agree, however.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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