Goldman On 2019: Risk Has Returned, Raise Your Cash Allocation

Goldman On 2019: Risk Has Returned, Raise Your Cash Allocation

As stocks careen lower for a second consecutive day, erasing gains for the year, Goldman is out with their 2019 U.S. equity outlook and the title speaks for itself. Earlier this month, the bank projected S&P EPS growth would dive to just 6% in 2019 from 24% in 2018 as the effects of stimulus wane and margin headwinds mount. While they do expect the S&P to move higher in the new year, their tone is markedly cautious. Goldman's year-end 2019 S&P target is 3,000, consistent with Bar
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3 thoughts on “Goldman On 2019: Risk Has Returned, Raise Your Cash Allocation

  1. Wow, Goldman. Thanks for the ‘timely’ warning. I owe McElligott a kick in the nuts for the November rally call! 😉

    Luckily, a $5 blog saved me most of my nest-egg twice now. And was right when Charley was wrong about a Turkey Rally (on SA)… Instead of paying GS or Nomura for such a shrewd calls, that cash went to a Breitling watch with a ribbon and an engraving on the back saying, “Is the cat dead, or alive.”

    Thanks again, H.

  2. Heisenberg and others gave me the courage in my conviction to go all cash a while back. I even went short with a small percentage of my holdings, and it’s paying off. My financial future is fully intact, and I’m sleeping much better than I did in 2009. Looking forward to buying back in when valuations revert to the mean. Thanks, Heisenberg.

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