Lost Decade for Bonds Looms With Growing Return for Equities (2)

Lost Decade for Bonds Looms With Growing Return for Equities (2)

Jin Lee/Bloomberg

While investors flee bonds, Laszlo Birinyi, one of the first money managers to tell clients to buy stocks before the bull market began in March 2009, said the S&P 500 could climb to 1,700 as more people move into equities.