Diversification Adds Nothing
- Like 1987, some investors now think today's bull market in equities has run too long;
- Others think major stock markets look over-valued. Very over-valued;
- And some fear that central banks will burst the bubble by raising interest rates.
"Yet just 18% said they're selling stocks to shield their portfolios from a downdraft, and only one out of five said they were buying bonds to limit their exposure to stock market risk."
"Diversification hasn't added much over the last 5 years."