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Goldman Says Scope For Additional Stock Gains ‘Limited’ After Rally
Goldman is raising their near-term S&P target. Or perhaps it's more apt to say they're marking it to market.
With the benchmark hovering above 4,100 even after Friday's swoon, 3,600 (David Kostin's old three-month target) might've been stale, so he raised it to 4,000. It wasn't an endorsement of the rally, though. The bank's year-end target, also 4,000, was unchanged.
Earnings season in the US hasn't been a disaster. But it hasn't been great by any stretch either. All in all, results are o
H: can you see “the balloon” out of your kitchen window?
With regard to the market, I won’t be surprised by anything. Until our elected leaders starts to address some longstanding issues- it seems we are destined for chaos.
@Emptynester: I feel certain we’ll see good efforts along those lines from Congress and the President very shortly.
Haha, sorry, couldn’t resist.