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Malkiel: Buy Stocks, not Bonds

My blog entry about this:
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Burton Malkiel has been speaking up a lot lately, and with much the same message ? repeated several times over the last few months (at least since an op-ed back in April).  While hitting on some of the same themes he?s hit on for 40 years (index funds, low costs, broad diversification, don?t time the market, don?t overpay for active management), he?s been focusing lately on the state of the bond market.
In today's WSJ, in an op-ed piece, he again makes the case for equities instead of bonds, for low-cost index funds, and talks about how the market properly handled the recent Knight Capital trading disaster.
The WSJ op-ed piece itself:
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And the first paragragh of the WSJ piece:
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David S. Meyers, CFP®
http://www.MeyersMoney.com
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