Some of you grizzled veterans may remember this cover of BusinessWeek from August 13, 1979, that pronounced "The Death of Equities". I do. I was just entering the securities business...and openly questioning my career timing, or lack thereof. Little did I know that it was one of the best contrary indicators that I could hope for.
Therefore, I had a real sense of deja vu, when I saw this article from last week's Wall Street Journal, "Investors Lose Faith in Equities".
Jeremy Siegel, author and Wharton professor, has a good historical perspective on all of this in this recent interview. His quick take: no "new normal" of permanent low-growth, no double-dip recession, and no European Armageddon.
I wanted to share this with all of you. I trust it helps.
All the best!