At some point, inevitably, bonds have to appear more attractive. Until those, too, get bid up until their coupon rates become effectively worthless compared to bank deposits or worse, inflation.
At some point, all financial instruments look bad, but non-financial markets remain: it's possible to go out and buy goods and services, and it's possible this leads to a better end result than holding financial instruments as long as possible.
Even when the market isn't bad, it's still a good idea to consider your balance between financial and non-financial assets. The whole point of holding financial assets is to eventually maximize your non-financial assets, after all.
Even when the market isn't bad, it's still a good idea to consider your balance between financial and non-financial assets. The whole point of holding financial assets is to eventually maximize your non-financial assets, after all.