Five-year investment strategy
Medium-term projection would be your best bet - with some guessing thrown in, and also a correction on the cards
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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 rose almost 30 per cent, there are plenty of views on what the next five years might look like, but they're not in agreement. Plenty of people question whether the next five years can be as good as the last five. They base their concern on stock indexes setting records, while other parts of the economy, like jobs, continue to lag. Last Friday, the S&P 500 closed at 1,831.36.
Other people see the fundamentals of US companies as so solid that stocks will continue to do well despite their large run-up.
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