U.S. stocks boomed in the last nine months of 2009, but remained well below earlier highs. Indeed, many people referred to the first 10 years of the 21st century as “the lost decade,” because stocks returned virtually nothing while investors had been conditioned to expect 10% a year. Meanwhile, bonds and commodities experienced a stunning run. Have the rules of investing changed?
I did not record this podcast, but I thought it would be interesting to compare Jeremy Siegel to some of the podcasts I’ve done with commodity traders so you can get a feel and put things in perspective.