Salient to Investors:

The days of instant rewards from the stock market are over.

Larry Fink at Blackrock says be 100% in equities, prefers stocks to bonds.

Bill Gross at Pimco says the cult of equities is dead but sees stocks offering double the nominal return of bonds over the next several years.

Jack Bogle at Vanguard says buy a balanced portfolio, and prefers stocks to bonds

Fink, Gross and Bogle do not expect equity returns to reach the 6.6% historical real return or bond returns to be more than the current coupon.

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