Veteran stock analyst warns on under-the-radar risk
The 35-year Wall Street veteran spots a crack in the armor.
The S&P 500 has notched back-to-back years of 20% plus returns, trouncing the average 10% annual return over the past thirty years.
However, anyone who has followed the markets for long enough knows that good times can beget bad times (and vice versa), and average returns only tell part of the story. Over the last three decades, there have been plenty of hair-pulling moments and lost sleep.
