Going back over the last 40 years on the $TNX it's obvious that we are stair stepping down hitting round numbers on rates as we go, 10% - 7% - 5,4,3 etc all the way down within a clearly defined channel and have now reached a point where price has broken through the 3% level on it's way to 2% and possible even 1% unbelieveable as it might seem. A 2% ten year return is predicting simply that the economy will remain in a quagmire for many years, drowning in goverment debt. I envision a scenerio where folks begin to dip their toe back into the stock market enough that it draws money out of the bond market, bonds then sell off sending stocks even lower which triggers another flight to quality oscillating back and fourth over a several years. I suspect using bonds as a signal to trade stocks along with momentum oscillators will give the best triggers for putting on and off stock trades. At some point when the $TNX bottoms and starts to turn up stocks will then be a tradeable long play on a multi month basis but not yet. I plan to play short side only until that time.
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