Sunday, March 8, 2009

Why I Buy Bonds.


This picture from Crossing Wall Street says it all.

"This doesn't include dividends.

From February 9, 1966 to yesterday’s close, the Dow gained 562.7%. The CPI from February 1966 to January 2009 (we'll get February's report on March 18) rose 559.8%.

That works out to a real gain of 43 basis points stretched out over 43 years."

Wow.