Stocks move ahead during March 2010 and the first quarter. Bonds slip to last in the 2010 derby, as measured from the 12/31/09 close (111.44, 107.31, 89.89):
SPY up about 5.2%
GLD up about 1.7%
TLT down about 0.4%
At the end of February, TLT was outperforming both gold and stocks, so things change.
For those readers that celebrate Passover and/or Easter, have a meaningful and joyous holiday.
Long GLD, TLT
neutral SPY
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