We need to drastically increase pension ages and even abandon retirement as a mainstream concept. Working part-time in 60s and 70s should be commonplace.
Stanley Druckenmiller warns the stock market will be ‘flat’ for an entire decade
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Re: Stanley Druckenmiller warns the stock market will be ‘flat’ for an entire decade
#32I think the investing goal for the next decade is to pick the asset class that will lose the least.
Stocks wont do well, but that asset class could still be stocks.
Re: Stanley Druckenmiller warns the stock market will be ‘flat’ for an entire decade
#33I, a random anon from the Internet, think SP500 is heading for 2400 or even lower (1600ish?), which is great news, as millenials will get a chance to buy stocks at a low price.
looking at the pullbacks in 2000 and 2008, there is a non-trivial chance that the S&P will bottom sub-1000
yeah who knows, in the long run it will go way up of course, as the USA and other industrial nations will grow and grow..
Re: Stanley Druckenmiller warns the stock market will be ‘flat’ for an entire decade
#34Re: Stanley Druckenmiller warns the stock market will be ‘flat’ for an entire decade
#35> “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,”
Is there a resource that has the chart between ’66 & ’82 so I can have a look at what it was like?
Re: Stanley Druckenmiller warns the stock market will be ‘flat’ for an entire decade
#36Re: Stanley Druckenmiller warns the stock market will be ‘flat’ for an entire decade
#37I'll still wait a few months to buy, but the green energy changes will improve everything. No more oil/gas dependencies!
Is this sarcasm? Few months before green energy turns the ship around? Oil/gas is the backbone of most economy, dare say we will remain dependent.
I think the poster is saying he expects the stock market to fall a few more months before turning around. Not that green energy will complete its transition in a few months.
If you think oil/gas will demand the backbone, you ask yourself why none of the oil and gas majors are drastically expanding their production capacity during this time of high prices. Oil and gas, and their investors, are planning for their phase out, and nobody wants to be holding on to a new asset that has a lifetime of 10-20 years but won't have value after five.
Oil and gas companies and investors know that fossil fuels are on the way out, it surprised me that the general public doesn't know this.
Re: Stanley Druckenmiller warns the stock market will be ‘flat’ for an entire decade
#38And Michael Burry has been predicting crashes every few years since the 2008 one.
And Bill Ackman predicted 'hell is coming' at the onset of the pandemic and made $2B [0]. And there were US Senators that also did possibly illegal things to pull money out of the market before the public knew about the pandemic.
Outside of disclosures filed with the SEC, stock trading is anonymous yet they will have all sorts of headlines like today on Yahoo Finance it states "Stock futures tumble on heels of grim warning from FedEx". So all players in the market are just selling everything across the market to the tune of -1.4% because FedEx is having issues? I question headlines in the financial sector, more often lately it feels like its just what they want you to believe to get you to take actions that benefit themselves.
[0]https://www.cnbc.com/2020/03/25/bill-ackman-exits-market-hed...
Re: Stanley Druckenmiller warns the stock market will be ‘flat’ for an entire decade
#39> “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. Adjusting for inflation, the stock market was not "flat" during this period [0]. The DJIA, for example, closed at an effective price of 9,160.41 in January 1966 and closed at an effective…
What about S&P 500? The Dow Jones Industrial Average indexes a mere 30 companies.
Re: Stanley Druckenmiller warns the stock market will be ‘flat’ for an entire decade
#40We need to drastically increase pension ages and even abandon retirement as a mainstream concept. Working part-time in 60s and 70s should be commonplace.
And eliminate child labour laws. All these kids expecting free lunches and what not.