Stocks Are From Mars, Bonds Are From Venus

Missing in the big Stocks versus Bonds debate that’s raging right now is the fact that there is always a middle ground.  For investors, the stocks versus bonds question is almost never binary, rather it is a question of degrees – what percentage stocks, what percentage bonds?

So here’s my middle of the road compromise – both stocks AND bonds are pretty unattractive right now.  Unless of course you compare them to real estate, in which case they shine like the top of the Chrysler Building :).

Many investors are sitting on a lot of cash right now for just this reason.  They aren’t turned on by a bond market that has already run and offers very little other than interest rate risk at this juncture.  They are also unimpressed with the growth outlook for US equities. 

So while cash is trash and we are earning nothing on it, in these disinflationary times, who really cares? 

There are as many reasons to abhor stocks as there are to dislike bonds.  One asset class hasn’t been able to get out of its own way in a decade, the other is like a runaway freight train with investors willing to earn nothing just to be able to claim perceived safety. 

Overall, two equally unattractive markets, but for very different reasons.  Let’s end the stocks versus bonds debate and just agree that we don’t much love either of them at this moment.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Bitcoin Loophole Review commented on Sep 21

    … [Trackback]

    […] Find More Info here on that Topic: […]

  2. bitcoin loophole review commented on Sep 27

    … [Trackback]

    […] There you can find 90366 more Info on that Topic: […]

  3. 먹튀신고 commented on Sep 27

    … [Trackback]

    […] Read More here on that Topic: […]

  4. bitcoin blazing trader commented on Sep 28

    … [Trackback]

    […] Find More on that Topic: […]

  5. commented on Oct 19

    … [Trackback]

    […] Find More to that Topic: […]

  6. Sex commented on Oct 29

    … [Trackback]

    […] Find More on to that Topic: […]

  7. Azure DevOps commented on Nov 23

    … [Trackback]

    […] Here you can find 43993 more Information to that Topic: […]

  8. Regression Testing Approach commented on Nov 25

    … [Trackback]

    […] Read More here to that Topic: […]

  9. td bank online commented on Nov 26

    … [Trackback]

    […] Find More on that Topic: […]

  10. reddit best cbd oil commented on Nov 28

    … [Trackback]

    […] Information to that Topic: […]

  11. fake rolex in uk commented on Dec 30

    … [Trackback]

    […] Find More here on that Topic: […]

  12. kids swimming commented on Dec 31

    … [Trackback]

    […] There you can find 48637 more Information to that Topic: […]

  13. commented on Jan 14

    … [Trackback]

    […] Find More Information here on that Topic: […]

  14. rolex replica commented on Jan 23

    … [Trackback]

    […] Find More here to that Topic: […]