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Do Your Own Research
I've said this probably more times than I need to by now, but I'll say it again anyway: 12-month price targets for equity benchmarks (and really just 12-month targets in general, whether it's for equities, rates, credit or anything else) are of little use, if they're of any use at all. Cue a caustic Charlie Munger quotable.
There was a time ca. 2017/2018 when I dedicated huge amounts of digital space to documenting the "key" takeaways from Wall Street's year-ahead outlook pieces which inundate
Street notes are usually more interesting for their data, charts, and reasoning, than their conclusions.
I’m sticking with SPY and an extra helping of mega tech. See you in ten.
Marko Kolanovic spanked with a severance package. LOL.
I’m reminded of Charles Clough “retiring” in 1999 afer being bearish since 1995.
https://english.elpais.com/economy-and-business/2024-08-08/kolanovic-the-nostradamus-of-wall-street-fired-after-predicting-stock-market-storm.html