Holding bond ETF's AGG & TLT have been profitable since 4/4/2012. So far playing the seasonal trade has worked. I will hold until 10/01 or if we get a rally going prior to that date will sell bonds and go long stocks. Picking a few small cap stocks that have strong earnings on the dips has been working too. I use a 10% trailing stop and some have sold but often with a profit. It has been an other fearful year with no end in sight. Be careful. Check out www.sumgrowth.com