Monday, March 09, 2009
Interesting commentary, Hussman believes the next 7 - 10 years offers buy and hold investors about a 10% rate of return and believes stocks are undervalued. However, he also thinks that stocks could get very volatile as the administration (whom he admires) ignores the fundamental problems our economy faces. His advice is to "buckle up" as the short term could be even more volatile. I hope he is wrong (as I think he hopes he is as well), but we should be prepared for more and ongoing volatility.
Scott Dauenhauer CFP, MSFP, AIF