"With the government set to bail out a trillion dollars in debt, what should you buy?" asks Neil George, editor of Personal Finance. "Bond funds are the foundation that steadies your portfolio."

"While the Fed and the Treasury work to bail out a trillion dollars in debt, other governments around the planet seems to be jumping on board this train; similar deals are being cut from the UK to Russia to Japan and beyond.

"The result is a big surge of short-covering and rampant buying as the markets trade and party like it's 1999 again. But is this a good thing?

"Although it might satisfy the political agendas of government leaders, these moves do pretty much nothing to restore normal risk and reward characteristics that make for a productive free market system.

"Meanwhile, bonds are what continue to perform. The rally in stock might continue for a time, but when more and more serious investors and traders begin to figure out the ramifications of the government's heavily expanded role in the formally private sector, it won't take long for another selloff to materialize.