by Henry Blodget
I don’t know when Henry finds the time to opine on the market but he’s someone I listen to and respect considering how he was thrown under the bus only to get up even stronger. But when it comes to his market calls forget it. He was the analyst that buried more people in the 2000 Dot com crash than anyone else. In fact he was railroaded out of the business and maybe rightfully so. So Henry, keep up the great work on Business Insider but leave the market calls to people with a better track record, like myself. I have outperformed the S&P 500 by 418% since I started tracking it in January 2001.
I think there’s a decent chance that the stock market will crash in the next year or two — maybe dropping 30% or more.
Even without a crash, I think it’s likely that stocks will deliver poor returns from today’s level over the next 10 years. Not negative returns, mind you, but poor returns — average annual returns (including dividends) of only about 3% per year.
via There’s A Decent Chance Stocks Will Crash – Business Insider.