Perhaps as long as China is cutting rates and Europe is buying asset-backed securities – and as long as the U.S. maintains its policy of zero percent interest rates – investors can ignore traditional risk in stock assets.

VNQ’s increase is all the more striking when you consider that the rest of the field below US equities has suffered mediocre-to-negative results over the past year.

October is a perfect study in how quickly stocks can fake you out. (SPY) dropped more than 10% from high to low and erased all of its gains of the year in the course of a month.

The last dip in the market caused some damage to the psyche of market participants. So much so that they are exhibiting signs of reducing risk in a variety of ways.

The S&P 500 has recently made a new high, in short the rebound from the mid October low has not failed at a lower high. Therefore, the clock has so to speak been reset.

Guggenheim Investments – one of the top players in the target-date bond ETF space – has been continually aiming to expand its presence in the fixed income world.