“Stocks are headed higher through the rest of this decade, as they work overtime to erase the losses they’ve incurred over the past 12 years, says Jim O’Shaughnessy, founder of O’Shaughnessy Asset Management.
He sees the Standard & Poor’s 500 Index reaching at least 2,600 by 2020, which would represent an 86 percent gain from current levels.
Stocks performed so poorly in the 2000-2009 period that just to match the worst 20 years in stock market history — 1929-49 — stocks would need to rise at a compounded annual rate of almost 7 percent through 2019, O’Shaughnessy tells Yahoo….”
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