Expert: Bear Market Can Last for Another Five Years

The bear market could drag on for another five years or more, says Bill Spiropoulos, CEO of CoreStates Capital Advisors.

"We continue to climb the wall of worry. No one believes this thing. And all the negative tales about how the world is going to end next month? They’re wrong," he said.

Investors should prepare for the bear market to stay, but Spiropoulos predicts that the Dow will reach 12,000 this year.

"When I say secular bear market, we’re talking about a sideways trend," Spiropoulos told CNBC.

After the bear market ends, inflation will erode into some investors' portfolios, he said. (more)