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Invest for the Next Decade, Not the Last One

Stocks still look more attractive than bonds right now, says Morningstar director of equity research Pat Dorsey.

Pat Dorsey: Hi, I'm Pat Dorsey, Director of Equity Research at Morningstar.

So with the market up 60-odd percent since the March 9 lows, you'd think there would be a little bit of irrational exuberance among investors, right? Money would be pouring into equity funds; people would be excited about stocks; you'd be getting get-into-the-market-now covers on financial magazines.