Before clocking a $100 billion loss in early 2009, the California Public Employees' Retirement System, known as Calpers, had the swagger of a hedge fund and the certainty of a saint. Other pension funds followed its lead, loading up on leverage, investing in unrated CDOs, shoving money into high-priced private equity deals and barreling into commodities and real estate.

NEW YORK -- Stocks extended their winning streak Monday after China said it would allow its currency to appreciate against the dollar, a move that could provide a boost for U.S. manufacturers and exporters. Business - China - Investing - Commodities and Futures - Futures

Barring a last-minute miracle, the broad U.S. stock market will end its worst decade in history this week, underperforming almost every other asset class including most foreign stock markets, U.S. bonds, gold, oil, other commodities and even real estate. U.S.... Stock market - United States Treasury security - Business - Stocks and Bonds - Investing

Barring a last-minute miracle, the broad U.S. stock market will end its worst decade in history this week, underperforming almost every other asset class including most foreign stock markets, U.S. bonds, gold, oil, other commodities and even real estate. U.S.... Stock market - United States Treasury security - Business - Investing - Stocks and Bonds