Quote from Digs:
Fund Managers are buy bonds, with less yield. So they are voting with there monies.
Stocks have gone down 1966 to 1982 over long periods adjusted for inflation. Stocks even with dividends. Of course, If your a super duper stock picker, then you will win every time.
If you buy indexs or etfs or other market leaders then stocks have way to much risk.
If you are retiring in 7 sevens years then you a crazy to invest in stocks while the asset model says to be in bonds. Short term treasuries to avoid any risk.
The stock market can still fall another 10% to 20% easy.
So what would your recommended stock allocation be if the market fell another 10-20%? Or even if it hit S&P 1000?