I'm hoping for a correction spring/summer of 2010.
By correction I mean a fall back to the 7,000 level.
My fear is that it may keep going sideways for most of the year, oscillating between 10,000 and 13,000.
For the decade as a whole, it's hard to predict.
I see CAD being strong vis-a-vis the USD unless central banks of either or both countries take deliberate measures to correct the situation.
Canada can't obviously reduce interest rates any further to weaken the Loonie, but the US govt. needs to start raising interest rates to strengthen the USD.
Strong USD is in everyone's interest right now, including Canada and China.
Come to think of it, Canada needs to raise interest rates aggressively ASAP to control the balloning housing bubble and put an end to the leveraged consumer spending.
Raising interest rates will encourage savings and hopefully control the raging inflation in household essential items.
Looking further ahead, unless we find alternatives to fossil fuels, the resources sector will continue to be strong.
Precious metals I care not about.
Banks will be range bound.
Canadian banks are already amongst the strongest in the world coming out of the financial crisis - I don't see them strengthening significantly.
It's hard to say where the TSX will be in Jan 2020.
I would guess somewhere in the 20,000 to 25,000 pts neighborhood.