Timing the bond market? - just say no

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NYT article about timing the bond market: http://www.nytimes.com/2009/07/12/business/mutfund/12bond.html?_r=1&pagewanted=2

Caution is certainly well advised for bond mutual fund investors, and a consensus of market professionals and researchers says it is unwise to try to time purchases and sales. Instead, they say, the best practice is to assemble a suitably allocated and diversified mix of low-cost investments and to add to them regularly.

“If you’re really concerned about exploding interest rates, then, yes, you would sell your bond funds and just own cash, say,” Mr. Wosepka said.
“But ask yourself, what in the bond market are people not paying attention to? If everybody knew that inflation was coming down the pike, why wouldn’t they do that now? There are as many people who are willing to buy bonds at these levels as there are who are willing to sell them.”

DD