I concur, but I think the next crash will come sooner than he does. In addition, note his view on bonds. He believes they are more overvalued than stocks. If you are retired you should not own stocks or bonds right now. Especially bonds. They are in a huge bubble. Stick to cash, so you will have money to take advantage of falling asset prices. If you don't have cash when the implosion happens, you will not be able to take advantage.
http://www.cnbc.com/id/40115265
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