QOTD: Equity Market Return of 4% for Next Decade

This is not the onset of a 1982-2000 secular bull market where a buy-and-hold strategf worked. We are in a Iowgrowth, low-return world for the foreseeable future - expected returns in equity indices should be grounded near 4% at an average annual rate, likely for the next decade.
---Rosenberg today