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>Go ahead and buy stocks, says John Mauldin--if you've got a 10-year time horizon. If you don't, don't. Because it's just another sucker's rally. -John Mauldi
by slacka 13y ago
>Go ahead and buy stocks, says John Mauldin--if you've got a 10-year time horizon. If you don't, don't. Because it's just another sucker's rally.
-John Mauldin March 2009
John Mauldin seems to have a spotty track record. He correctly called the summer 2008 rally as a bull trap.[1] However, he failed to call the 2009 low, and has been calling a top for the past few years.[2][3]
Eventually I'm sure he'll get it right, and there will be another market crash. But if you listened to him in 2009 [3], you would have missed out on a 250% increase in your portfolio over the past 4 years.
Based on 4 year boom/bust business cycle, I actually think the market is overdue for a serious correction to 1200-1400 S&P in the next year, but I don't see any doomsday scenario playing out in the next 5 years.
[1]http://www.businessinsider.com/prepare-now-there-is-so-much-that-could-push-us-into-another-2008-crisis-2011-9 http://www.businessinsider.com/prepare-now-there-is-so-much-...
[2]http://www.investorsinsight.com/blogs/john_mauldins_outside_the_box/archive/2008/06/16/the-road-to-revulsion.aspx http://www.investorsinsight.com/blogs/john_mauldins_outside_...
[3]http://www.businessinsider.com/henry-blodget-just-a-suckers-rally-says-john-mauldin-2009-3 http://www.businessinsider.com/henry-blodget-just-a-suckers-...