I read the weekly commentary of John Hussman who runs the Hussman Funds. He says the stock market at these levels are likely to have close to zero gains over the next 10 to 12 years. Not good for people with 401K’s if he is accurate.
Why would you pay any attention to what Hussman writes? The performance of his flagship fund over the past 12 years has been dismal, and he charges a 1.4% fee to destroy investors’ wealth.