patrick.net

Strategist says

John Bailo says

We're probably due for something like what happened in 1946:

http://stockcharts.com/freecharts/historical/djia19401960.html

We could also be due for what happened in the 1950's.

That'll happen around 2020 after the market is allowed to liquidate the unsustainable projects or “malinvestments” and allow interest rates to return to their natural levels. Once this occurs, interest rates can begin to play their role of coordinating production over time — matching the production of goods and services with consumers’ true time preferences for consuming today or saving today and consuming tomorrow. The pool of funding and the pool of real savings will be replenished. Unlike a credit-fueled boom, which is unsustainable, savings-based growth is sustainable. Consequently, over time, the economy will gradually return to health.