he says we are in bear market and the next 3 to 5 years will be sideways market or some kind of a crash....but no growth....also he likes cloud companies...like service now, microsoft, workday, salesforce etc...thinks these companies are what mobile phone companies were 10 years ago....as he thinks...corporate america will move to cloud computing and if there is a mild recession in future, that will drive even more demand for these cloud companies...as they are supposed to save cost...during bad times...