I bought this as part of a sensible group of holdings I was cobbling together in the NFTRH Model portfolio in May to go along with the not so diversified speculative portfolio.
What does TEI then do? It rises and rises, never giving in to the bearish forces at work over the last several weeks. Now it may be forcing me to become a trader instead of an intermediate holder. It's a bond fund that has tacked on 10% in less than a month. A bond fund! I mean, I have a Rare Earth company (funny, it was only 2011 when everybody still loved these) that I found beaten to a pulp in May and it's at +23%. But that's a stock, a speculation.
Why is everybody rushing to emerging market bonds? Why are they rushing to junk bonds? Why? Because risk never went off; that's why. I do however, have a feeling (backed by ongoing analysis) that the time when that status changes is not too far out on the horizon and will be measured in weeks as opposed to months. We'll see. The technical target's just a bit higher, but I'll probably take the profit on TEI and just hold its big brother GIM for global income.
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