These are bad days for the cult of the equity. The bare figures say it all.
As of mid-morning on Friday in New York, after the latest terrible US jobs data, the S&P 500 index was down 64.4 per cent in real terms from a peak that it set in 2000.
Long View: Why baby boomers will put their faith in bonds
By John Authers
Published: March 6 2009 20:23 | Last updated: March 10 2009 12:53
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