At the beginning of this year, Bill Gross asserted that a 10-year yield of 2.6% is the line in the sand. He said that if we break that level to the upside, then the bull market in bonds that began in 1987 will have ended, and we are likely to see rising yields and lower stock market valuations. Jeff
From the perspective of a stock investor, I don't agree with Bill Gross or Jeff Gundlach. I am not going to sell my AT&T (NYSE:T), Qualcomm (NASDAQ:QCOM) or Unilever (NYSE:UL) just because the 10-year yield is 3.2% or 3.3%. I certainly won't sell the Exxon Mobil (NYSE:XOM) that I recently purcha