“Stock prices were essentially flat in the decade through 2009, but the next 10 years will turn out a lot better, according to Seth Masters, chief investment officer of Asset Allocation and Bernstein Global Wealth Management.
He sees the Dow Jones Industrial Average reaching 20,000 within five to 10 years. That represents a 58 percent gain from recent levels.
“This argument may seem provocative,” Masters told The New York Times. “But that’s only because market conditions are so unusual, and so many people have become so pessimistic.”
He – and plenty of other experts – says the United States, Europe and emerging markets will ultimately recover from their woes.”
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james altucher was on cnbc yesterday.heh thinks we’ll be there in 12 months. says qe2 hasnt taken effect yet.
that could happen drummerboy, but not likely imo