Started a position in Rydex Juno when the 30 year Bond was yielding under 5% last week. I plan to average in on further dips. Seems like a good way to play the inevitability of rising rates as bond yields reverse from 40 year lows.
I don't disagree, that is why I have 2005 as a nasty bear market. I doubt interest rates , at least on the short end will change much before next year's elections.