[Night Hides Not]

My concerns are two-fold: that the dishonesty is pervasive, and that investors will throw their hands up and walk away.

Remember, the 90s boom in the markets were due to little guys like you and me socking away our money in a 401k, i.e. stock mutual funds. When that money leaves the stock funds, for money market and bond funds, there will be little or no money for new issues. That will definitely have a chilling effect on our economy.

[p. henry]

Be very careful with bond funds, especially those which emphasize longer maturities. Sooner or later interest rates will rise, and when they do, bonds will decline in value.