It is no secret that the current bull market runs in stocks and bonds are long by historical standards. But bull markets do not die of old age.

It is no secret that the current bull market runs in stocks and bonds are long by historical standards. But bull markets do not die of old age.
The fact that bonds are less attractive on a yield basis today should not detract from their ability to protect capital better than equities in a downturn.
Warren Buffett predicted the Dow Jones Industrial Average (DJIA) will reach 1 million within a hundred years. It’s not so far fetched if you do the math.
With historically low interest rates, investors looking for anything more than low single digit returns are forced into equity markets.
As long-term investors, time is a tremendous asset. It can compound returns, smooth out market cycles, temper emotion and reward a disciplined approach.
In an environment where investors’ thirst for yield is insatiable, it is not surprising that capital has been flowing into emerging markets, but at what risk?