It was a very important lesson for investors to learn. For those investors who have considerable exposure to equities, it's not a bad idea to have some holdings in U.S. Treasury bonds to serve as a type of buffer, a type of insurance policy in the event stocks do drop sharply in price.
More Quotes from John Lonski:
The Dow breaking above 11,000 might be a nice holiday present for the U.S. economy in that it should boost the confidence of both consumers and businesses and lay the basis for a livelier-than-expected 2006.John Lonski
I don't think it's going to stop. It may be a fine opportunity to lock in a fixed rate that may prove to be relatively attractive historically.
John Lonski
The trade deficit is the prime candidate to cause an upward revision to the fourth-quarter GDP.
John Lonski
It's an attractive story, ... Here you have an investment grade company selling a 30-year treasury at a nice premium.
John Lonski
I think people believe (Fed Chairman Alan Greenspan) is not going to shock the market with a half-point rate hike, ... There's no reason to shock the credit market and the economy with a half-point rate hike.
John Lonski
You look at this and all you can say is, yes, monetary policy remains accommodative, it's not even neutral yet, and interest rates are too low in that they still fuel the speculative purchase of housing activity.
John Lonski
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