Get crushed...Hold Bonds for 10 years.

[audreyh1]

Sorry, I thought the link itself contained a sufficient descriptive. Here's more:

LONDON (Reuters) - One of the big investment shifts of our day may be at hand - regardless of how global markets actually perform this year.
What's already known as the "The Great Rotation" - a tilting of pension and insurance funds' strategic, long-term asset preference back toward equity from extreme positioning in bonds - has been one of themes of the new year so far.
The gist of the argument is that investor holdings of now expensive, ultra-low yielding government debt - following a virtually unbroken 20-year bull market in bonds - are ripe for rebalancing. The attraction of relative and absolute valuations in equity will coax the outflow to stocks.
It's this juncture that has some of the most persistent global equity bears of the past two decades, such as Societe Generale strategist Albert Edwards, rethinking the big picture.
While there's little thaw evident in his view of an investment 'Ice Age' over the next couple of years, Edwards now reckons that over 10 years long-term institutional funds are in danger of missing "the cheapest equity prices in a generation."
From such a committed bear, that's really saying something.

I think these articles trumpeting fund flows based on the first two weeks of this year, especially after another big outflow year in 2012, are a bit premature.

There was a bunch of tax gain selling last year, and it makes sense that there would be new buying at the start of the year, especially after the tax part of the fiscal cliff was resolved. The start of year data could simply reflect that.

Even if the regular fund flows start to reverse, it's been 4 years going the other way, so it should take a few years in the new direction. Pendulum swings are slow.