I’ve posted Entry #44 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s called How to Stop the Next Bull Market.
Juicy Excerpt: Policymakers should educate voters about the damage that bull markets do to our political institutions. Both Republican and Democratic lawmakers often promise to take action to reduce the Federal budget deficit. But the budget deficit is a small matter compared to the debt we incurred to future investors during the bull market of the late 1990s. The entire Federal debt accumulated since the days of George Washington is about $14 trillion. In just a few decades of promotion of Buy-and-Hold Investing, we incurred a debt of $12 trillion and that is a debt that must be paid off within 10 years or so.