There is a ‘high probability’ the stock market will be ‘flat’ for an entire decade

BartenderElite said:
That would be terrible - but people were saying roughly the same in 2008. I don't know how anyone can predict what will happen over a decade these days - we don't even know what will be driving the market 2 years down the line, much less 10.
Click to expand...

Yet you, being the arrogant and ignorant SOB that you are, feel that you can confidently predict the climate far more than a decade in the future!
 
Primavera said:
.
I hope that he's wrong but he has an awesome track record so who knows.

Stanley Druckenmiller, one of Wall Street’s most respected minds, argued that the pain won’t be temporary—and that stocks face an entire decade of sideways trading as the global economy goes through a tectonic shift.

“There’s a high probability in my mind that the market, at best, is going to be kind of flat for 10 years, sort of like this ’66 to ’82 time period,” he said in an interview with Alex Karp, CEO of software and A.I. firm Palantir.

Druckenmiller added that with inflation raging, central banks raising rates, deglobalization taking hold, and the war in Ukraine dragging on, he believes the odds of a global recession are now the highest in decades.

And given Druckenmiller’s track record, investors would be wise to heed his warnings.

The legendary investor founded his hedge fund, Duquesne Capital, in 1981, and routinely outperformed the majority of his peers on Wall Street over the coming decades, delivering an annual average return of 30% from 1986 to 2010, according to Yahoo Finance.

https://fortune.com/2022/09/15/stan...-warns-stock-market-flat-decade-central-bank/
Click to expand...

You should definitely put all your money out.
 
You must log in or register to reply here.
Back
Top