You shouldn't. He's either a moron or is suffering some type of psychological delusion disorder. The markets could bounce back - a little. But, it won't be for at least 20 months.
We are in such a unique environment, you can throw out almost all historical indicators of the last 40 years. Those days are over. Look at the growth of the market from 1929 to 1980. That will be much closer to what we'll experience the next 08-12 years.
Well, he could be right.
Rapid currency devaluation could get us there very quickly...
The only good news I’ve heard is that there is 7 trillion on the sidelines waiting for a real bottom.
If much of that goes into the market we might see 10-11,000 in a year, but 14,000 seems far fetched to me.