“Why oh why does this love affair continue?  Some of it is inertia. People just don’t want to sell what worked for them in 2009, 2010, and early 2011 … even if it isn’t working any more. Some of it is fear. Investors were burned so badly by the 2008 stock market crash, when Treasury bonds were about the only asset class that went up in value, that they’re willing to buy bonds at almost any price.  And some of it is the fault of central bankers worldwide. They’re essentially cornering the bond market, making the Hunt Brothers’ infamous cornering of the silver market in the late 1970s and early 1980s look like child’s play.”

http://www.moneyandmarkets.com/a-tale-of-unrequited-love-51909

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