iShares IBoxx $ InvesTop Invest Grad Cor (AMEX:LQD)
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Spreads are still higher, strictly, than they ought to be, and this fund will outperform in a short-term perspective, in either a bear or a sideways churn market. One would expect it to be trounced by the 'secular bull', if that beast truly makes a return; I don't think he's back in the ring yet, and that's what this pick is saying.
The secular bull gave me a good old longhorn smackdown on this pick.
Well, now the bull has turned tail, and we're about at even again. I still think the original pitch may have some merit.
Secular bull, 1: me: 0.