This does indeed say that forced password rotations are a bad idea and you shouldn't do them. It also says password composition rules are a bad idea, and you shouldn't use them.
Elsewhere they go into the reasoning on that. See Appendix A for the details of why the think this. User-factors!
Oops, have a link.
http://nvlpubs.nist.gov/nistpubs/SpecialPublications/NIST.SP.800-63b.pdf