Goldman Says S&P May Fall 41% From Peak. But Who’s Counting, Right?
"Sell! Sell! Sell! was the story of this week’s 9% plunge in stock prices as the longest bull-market in history ended just days after its 11th anniversary", Goldman writes, in an amusing installment of their US Weekly Kickstart series that finds David Kostin employing a more lively cadence than usual.
Stocks are, of course, coming off the second-worst seek since the crisis, and had it not been for Friday's late-session stick save, it would have been far (far) worse.
Thursday was the single-w
With a giant helping hand from Trump TV, seems like a large segment of the population could care less and is partying like it’s 1999. #MAGA
“a combination of tools suggests the S&P 500 could trough around 2000”. That is a 26% drop from where we are now, and a full 40% below the all-time highs hit just last month.
“Oh, I hope not”…
I predicted Fed would initiate QE for real by end of the month. Looks like it starts tomorrow, to the tune of $700B. They also cut the funds rate 100bps. Trish Regan and Hannity still think this is hoax?
And it won’t matter. The game is over. Welcome to GFC II.
Didn’t these clowns also say the economy is nearly recission proof just a few months ago?
Does anyone listen to what Goldman tells the muppets? Early last summer I recall them claiming the Fed wouldn’t cut rates. If anything this piece makes me want to run out and buy stocks (well maybe not right now). I’ve never found anything Goldman says publicly to be worthwhile. Morgan Stanley has some credibility given last years calls.