Drama in Bond Market: What is Happening?

    The past 10 days since the weekend of Saturday, March 7th, when Saudi Arabia started a severe oil price war, have had some of the most dramatic financial market movements ever, even more shocking than a few parts of the 1929 and 2008 crashes. What is particularly unusual is the end of the pattern where bond prices rise when stock prices fall. Instead bond and stock prices both fell together recently by significant amounts. This is because stocks are still significantly overpriced and need to go down much more to reach fair value. Bonds have been hurt by the politicians’ promises of massive deficit fueled stimulation to try and offset the damage caused by Corona Virus quarantine, etc. There