September 5, 2012
FEELING THE HOPE AND CHANGE: Financial crisis ushers in ‘The Age of Safety’ for investors. “Risk aversion is at unprecedented levels. Cash, which guarantees a return of 0%, is one of the new must-have investments. In contrast, investing in stocks — despite the fact that the market has doubled in value since March 2009, is trading at four-year highs and is up 11.7% this year — has fallen out of favor.”
Well, that’s because the market is still well below it’s highs of five years ago; that “doubling” consists entirely of making up some, but not all, of the losses in the great crash.