I'd be wary of taking contrarian positions WRT bonds. In equities, nobody HAS to buy stock (aside from index funds). In contrast, there are an awful lot of financial institutions that pretty much have to buy bonds (or fairly similar stuff like mortgages, etc.). I'm thinking particularly of insurance coompanies, pension funds, etc. These entities are managing huge amounts of funds and can easily prop up a bond market even when it is pretty clear that what goes up must come down. Furthermore, they don't really care if their long bods go into the crapper because the value of their liabilities will also decline (assuming that they are being good about duration matching, etc.).
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