I have posted some information over the course of this year on my thoughts of where the Stock market will go.
Since I am not Karnack the Magnificent, I can only guess that the Market will follow the same cycle as it has in the past.
you are free to do as you please with your $$$ and inquire about the market from more that just one source.
It is possible that you will live for 100 years and during that time period you may indeed see the Dow hit 1,000,000
I will not live for another 100 years and I am getting close to retirement. So not loosing my money in the Stock market - should it slide - is important to me, and it may be important to you as well.
I will not live for 100 years either. But draw a line between where the market was when Buffett made his 1 million prediction and 100 years hence. You will see that the value 5 years hence is far higher than what it is now..
And looking at the SP500 earnings, we are trading at the lower end of the historical range. IOW, the market is more on the cheap side than the expensive side using history as our guide.