There's broad agreement that the stock market is pricey, the economic recovery is long in the tooth and central banks really can't do much more to prop up growth.
Hardly anyone is predicting market Armageddon, but this is not the "get rich quick" era. The word on Wall Street is: Prepare for lousy stock and bond returns for years. That doesn't mean you'll lose money, but don't expect to rake in the usual 7% to 8% return on stocks and 3.6% on bonds, according to investment firm Bernstein. Even private equity returns aren't what they used to be.