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So chances are the years bonds loose to or beat stocks will be the same years that mortgages do so.
You are perfectly right, however, there could be scenarious like this:
bonds - 5%, mortgages - 6.5%, stocks - 6%
when stocks would beat bonds but not mortgages.

And it's not like stocks just barely beat bonds. The historical rate of return on bonds is somewhere near 5.5% while the return on stocks is closer to 11%.
However, this 5.5% is relatively steady while stocks jump all over the place - 59 vs 41 % is nowhere close what you would expect looking at just 5.5 vs 11.

Anyway, this discussion is pretty much pointless. You cited one fact - that stocks beat bonds 59 to 41 in one year periods. My point is that hitting a higher target is always harder, so the percent of one year periods in which stocks have beaten mortgages has to be lower than 59. Until we get the data we can continue arguing ad infinitum, citing historical averages and other indicators that wouldn't prove anyone of us correct.
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