Just because someone got killed at the beach last week by a great white shark is no reason not to go swimming here, right?
Bond mutual funds are witnessing net asset value increases in the wake of the Fed's decision announced on Wednesday, September 18th to delay tapering.
For example, VBISX a week ago closed at 10.51. Yesterday it closed at 10.53. VBIIX a week ago was 11.24. Yesterday it closed at 11.31. VBLTX a week ago closed at 12.51. Yesterday it closed at 12.64.
In other words, every part of the bond spectrum is up from 0.2% to 1.0% in just one week, even though none of the net asset value prices had yet fallen below their respective high end of normal prices.
Fools dare where angels fear to tread.
