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Analyst who forecast stocks rally resets outlook after tumble
The longtime Wall Street analyst updates his take on the stock market.
Have a look at a long-term chart of the stock market; it goes up and to the right. It's a different story when you zoom in on the short term.
The reality is that while stocks have returned an average of about 10% since the late 1950s, they've taken all sorts of zigs and zags, pops and drops along the way.
Many might be remembering that point more recently.
