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Mike Wilson, Uber-Bull?
For the better part of three years, Morgan Stanley's Mike Wilson insisted the US economy was mired i
The only way his base case materializes over the next 12 months is if I predict there is no chance of that happening.
I think the target (i.e., SPX 7800) is eminently plausible. It’s the smoothness implied by his rationale that makes me a little skeptical. I suppose he’d say “Well, the target is all that matters,” to which I’d say “Ok, fine.”
It’s a bit of catch-22 – I also think it’s eminently plausible, but I have an unerring knack for being wrong about market performance (it’s science: https://news.mit.edu/2015/harbinger-failure-consumers-unpopular-products-1223).
I guess the only way to truly know is for me to make an actual bet one way or the other. I should probably go ask the regards over at r/wsb what they think I should do.
I understand that. In my company we all often declare that if we want to see a stock move lower to buy it for our customers, one of us simply should buy it in their personal account!
One of us! One of us!
Mostly often me
Predicting the future and its stochastic path are Sisphean tasks. I prefer to follow on, with H reporting on the seers’ crystal balls. BTW, the other infamous bear is still bearish, and has been for a while.
One might wonder if he was “reminded” by the top brass that bearish commentary does not draw in business and may even draw unwelcome attention from the administration.