
Bye Bye TINA, We’re Glad to See You Go.
Stocks and bonds usually compete for investors’ dollars. But for the last decade or so rock-bottom interest rates have caused many would-be bond buyers to increase their allocations to stocks. The acronym TINA – which stands for “There Is No Alternative” – was coined to describe the rationale for this rotation into equities. The dramatic rise in interest rates means that is no longer the case.