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Five-year investment strategy

Medium-term projection would be your best bet - with some guessing thrown in, and also a correction on the cards
Wednesday, January 8, 2014 - 06:00
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Energy hopes: US oil-gas output is expected to be stronger in five years, based on proven reserves and new drilling techniques. - PHOTO: AFP

FIVE years ago, it would have been easy to predict that the stock market would be higher today than it was then. But no one would have paid attention. Stocks were in a free fall and wouldn't hit bottom for two more months. Today, after a year in which the Standard & Poor's 500-stock index