Commentary: Why Bonds Should Get More Respect

Stocks. Stocks. The stock market, it seems, has become today's answer to almost every money problem. Investing in your 401(k) plan? Stocks are the place to be. Setting money aside for medical bills when you get old? Buy and hold stocks for sure-thing, long-run superior performance. Saving for your kids' college tuition? Again, it's stocks. Nobel prizewinner Paul A. Samuelson likes to call the equity solution the "New Messiah."

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