As ZIRP4EVA seems to be firmly in place, and the all news is good news even if it's bad news mood of the equity market, here is a look at how things are shaping up YTD between two bond kings & equities. As mentioned earlier, equities have typically gotten ahead of themselves vs credit.
Bill Gross & PIMCO's newly created ETF (BOND) and Jeffrey Gundlach's total return fund (DBLTX) are battling the Fed and the mainstream media's strict adherence to the Dow Infinity theorem.
Here is where things stand YTD.
Bernanke's S&P: +9.63%