One of the caveats in Goldman’s outlook centered around the idea that tax cuts might not materialize or, perhaps more appropriately, that this process will continue to be so fraught as to make it a source of ongoing angst as opposed to a reason to celebrate.
“We would deem it ‘irrational exuberance’ if the S&P 500 during the next three years followed the exponential trajectory of stocks in the late 1990s.”
The air up here is thin.
Ok, well there were some notable headlines to start the week…
So get up on Brian’s level or get left in the dust.
“The parable of the boiling frog refers to how a frog in a pot can get slowly boiled alive without even realizing it”…
Well, an eventful week ended on a sour note, which is a shame for the bulls because Thursday was a barnburner.
“It has become progressively difficult to say something new.”
“That’s one small step for rich people and corporate ‘citizens’ and one giant leap for Republicans who can’t get shit done”…
You people are an irrational bunch and you always have been.
The setup was terrible, with falling commodities, a downbeat Asian session, and junk jitters weighing on sentiment.
It’s all about “loops” and “spirals” these days.
But times have changed.