Thursday, September 24, 2009

Deflation case still intact

Despite the fever pitch of the inflation bulls, and despite Larry's conspicuous silence (I usually like to do the opposite of what old Larry tells the public), I continue to hold the TLT long bond fund. This is the holder of all that worthless long-term treasury garbage.

TLT, as of this writing remains okay for the trade target, providing dividend income all the while the process plays out.