Ask HN: Is there such thing as a bounce rate that's "too low"?

I have a fairly low traffic site that I blog on relatively infrequently. I've seen plenty of literature talking about bounce rates being too high, but I haven't seen any literature about bounce rates being too low. Is there such a thing?

The other possibility is that my bounce rate just isn't "correct," although I don't have any idea as to why this might be.

According to Google analytics, my bounce rate over the past month is less than 1% with just under 1,400 visits. The average time spent on my site weighs in at just over 1 minute and 10 seconds. I make a couple pennies a week via AdSense.