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Not stocks alone. (Economics And Business).(analysis of 'After Irrational Exuberance' by John Makin in the September 2002 issue of Economic Outlook)(Brief Article)
John Makin, "After Irrational Exuberance," in Economic Outlook, American Enterprise Institute, September 2002 (aei.org)
During the go-go stock market of the 1990s, financial advisors, media figures, and academics urged Americans to put more money into stocks. Since the stock market began a precipitous decline in early 2000, however, some have questioned the wisdom of investing an increasingly large percentage of the national wealth in equities. AEI resident scholar John Makin argues that investors have become too caught up in buying stocks and ought to purchase more bonds instead.
"The problem with the incessant push for the public to buy equities," he writes, "is that it ultimately leads to lower returns"--because bonds will outperform stocks in specific circumstances. Yet most brokerage firms have a vested financial interest in pushing stocks over other types of assets, Makin points out.
While Makin doesn't ...
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Source: HighBeam Research, Not stocks alone. (Economics And Business).(analysis of 'After...