patrick.net

http://finance.yahoo.com/news/robust-junk-bond-market-questions-064358621.html

seems to be saying there is no overall risk that diversification cannot minimize.. even that Treasury bond positions are not shifting into stocks (corp. paper?), but suggesting sidelined investable cash is returning to the markets.

and

http://www.cnbc.com/id/100544442

nodding to the circular trajectory of "rotation"

"A theme for 2013 might well actually be the rotation out of equities and back into bonds," Lombard Odier writes in the report.

#bubbles