Originally Posted by
Andy
That's not really a question that can be answered with certainty.
Five years is fairly safe that the markets will return to/surpass previous highs. Two years will probably see us out of this bear market and most stocks should have recovered.
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There were pundits and advisors telling the public the same thing in 1970; ,71,72,73,74,75….$100 dollars in the S&P was worth $84 in 1975.
Remember your math. If the market drops 30% this year, it will take a climb of about 42 % just to get back to even. When was the last time you saw a 42% return in a year or even 2?
We all want to believe the best, but the market and economy doesn’t care what we want.
CNBC is full of Wall Street shills.