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Pfizer Inc. Message Board

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  • suckeesuckeesuckee suckeesuckeesuckee Jul 16, 2010 4:24 PM Flag

    GILD downgraded by Sanford Bernstein; falls 8% to 41-month low

    Even the assumption that retirees with a large stock position held it all the way down from Oct 2007 to Mar 2009 is crazy.

    In fact, most were already rotating out of stocks into even larger bond & other asset class positions as the Dow rose to nose bleed heights in 2007. But even assuming a 67 year old retiree with a normal stock-bond distribution held the S&P all the way down from 2007 high to 2009 low to 2010 high, but was 67% in bonds to start, he or she lost less than 7% (20% / 3) on stocks, made up for by bond interest over that period.

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