Burton Malkiel's Latest Advice for Investors
Patience, emerging-markets stocks, and municipal bonds.
Bait and Switch
In yesterday's Wall Street Journal, Burton Malkiel asked, "Are Stock Prices Headed for a Fall?" Surely a tease, I thought. This past December, in the same space no less, Malkiel wrote that "nobody can foretell what the market can do in 2014." Has he had a revelation? Has he realized that he is The One? Well...no, he doesn't. The article completely avoids the question.
It does, however, discuss three other items.