Thoughts from the Frontline

Bond Market Detectives

By John Mauldin

April 23, 2001

The Case of the Missing Bond Market Rally
Japanese Fingerprints
What To Do Now

Thanks for all the kind emails about my stomach problems of last Friday. I felt much better this weekend, at least well enough to begin to actually help my beleaguered wife with our house move which will culminate this weekend. Now let's see if I can recover from the bad neck pains due to the whiplash the bond markets have been giving us the last few weeks.

Sherlock Holmes or Inspector Clouseau?

History: I have been bullish on bonds for well over a year, as long time readers know. Government bonds have been good to us, up until about a month ago. Coinciding almost exactly with my recent and (I thought) well-reasoned letter on why you should buy bonds now, the last three weeks have been brutal for bond-holders, although today has seen some nice recovery.

So you ask, "John,…

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