Vanguard Expert Says Stocks "Too Perfect" While Bonds Get Their Groove Back

Ever wonder what keeps investment bigwigs up at night? Apparently, it's the market being too perfect. Yes, you read that right - stocks are just too darn good to be true, according to Vanguard's Greg Davis, who's currently wagging his finger at US equities while giving bonds a surprising thumbs up.

Bond. Treasury Bond.

Davis is dropping truth bombs about US equities being "overvalued" and "priced for perfection" - which in finance-speak means stocks are dressed up fancier than a penguin at a black-tie gala. Meanwhile, bonds are quietly promising a respectable 5% return over the next decad...