A rear-view mirror is not a good tool to predict the future.
The author predictions that "the bear market in US stocks to continue until at least 2017, and I believe that buy and hold investors will get slaughtered", in my point of view, are partly accurate: - "Buy & Hold" investment strategies are indeed suicidal - However, a prediction, based on historical data, that this recession/depression will end in 2017 is a pure speculation based on an assumption of no major domestic political & social upheavals in the borders and no major wars outside of America borders.
Remember that the WWII got America out off the last depression.
U.S. Markets' Future - I Think [View article]
The author predictions that "the bear market in US stocks to continue until at least 2017, and I believe that buy and hold investors will get slaughtered", in my point of view, are partly accurate:
- "Buy & Hold" investment strategies are indeed suicidal
- However, a prediction, based on historical data, that this recession/depression will end in 2017 is a pure speculation based on an assumption of no major domestic political & social upheavals in the borders and no major wars outside of America borders.
Remember that the WWII got America out off the last depression.