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? What’s ahead for 2010? Knowledge at Wharton talked with Wharton finance professor Jeremy Siegel who sees some hazards especially for bonds but expects a good year for stocks.
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Knowledge at Wharton