, Columnist
Why Investors Are Stuck in the Middle
The good news is that almost every asset class is buoyant. That's also the bad news.
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If 2015 was the year that nothing worked, then 2016 is shaping up to be the year that everything worked. Bonds are up. Stocks are up. Real assets are up. Gold is up. Go ahead – pick your favorite asset -- it’s likely to be up as well.
Markets aren’t supposed to work this way. Every asset is meant to have its season. If investors are feeling peppy, for example, they’re supposed to buy stocks. If they’re feeling blue, they’re supposed to buy bonds. And those gold bars buried in the backyard, of course, are a security blanket for those occasional freak outs.