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Carrick on money: The stock market is cleared for takeoff

A passenger plane is seen shortly after takeoff at the Geneva international airport on March 11, 2010.

FABRICE COFFRINI/AFP/Getty Images/FABRICE COFFRINI/AFP/Getty Images

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The stock market: Cleared for takeoff
This blurb on a website for pension fund managers describes a paper by a U.S. money manager who thinks it's a mistake to give up on stocks now. He's forecasting annualized returns of about 8 per cent for the next years, and he believes the Dow Jones industrial average could hit 20,000 in five to 10 years. It's now in the 13,250 range.

Flying for free
The Rewards Canada website invited readers to vote on their favourite travel reward cards, and here are the results.

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Why we don't want the housing market to crash
With a nod toward a " fanatical element in favour of an extreme setback in housing," a blogger lists some reasons why a crash would be bad news.

Heinous hedge funds
Hedge funds - could they be the most overhyped investing vehicle of the past 10 to 15 years? This article suggests the answer might be a resounding yes.

More money
Join the 17,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998.Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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