Correct, Leorocky, the stock market has historically delivered far better rates of return than the bond market and Treasuries. That’s going back many, many decades to smooth out short term ups and downs.
CA Renter may be referring to the pension funds’ poor timing in entering into the stock market, but that’s due to the managers poor choices. No one forced them to take risks–they had the same information available to them as all other investors (myself included) who lost money in the stock market meltdown.
