Last year was largely marked by uncertainty and fear -- and also by significant inflows out of the stock market and into bonds. Skittish investors stuffed billions of dollars into fixed income mutual funds and ETFs in an attempt to escape the ongoing volatility. And while every investor, even those decades from retirement, can benefit from at least a minimal exposure to bonds, it's getting harder and harder to argue that fixed income isn't at the tail end of a spectacular bull run.
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