“Hope” Versus “Reality”: Goldman Says S&P To Fall 6%

I'm quite confident that this will fall of deaf ears in a market dominated by mindless dip-buyers who have decided the phrase "against my better judgement" is always the right way to think about buying overvalued financial assets, but for anyone interested, Goldman is out with a new presentation warning that "hope led the market to 2400 in 1Q but reality supports a 2300 year-end target." There are now effectively "two Americas," the bank writes - one inside the Beltway and one outside: Policy