Legendary investor Stanley Druckenmiller warns there is a “high probability” the stock market will be “flat” for an entire decade
“There’s a high probability in my mind that the market, at best, is going to be kind of flat for 10 years, sort of like this ’66 to ’82 time period,” he said in an interview with Alex Karp, CEO of software and A.I. firm Palantir.
Druckenmiller added that with inflation raging, central banks raising rates, deglobalization taking hold, and the war in Ukraine dragging on, he believes the odds of a global recession are now the highest in decades. And given Druckenmiller’s track record, investors would be wise to heed his warnings. (Fortune via Yahoo Finance).