You mean when it was 5500? What'd she say? Something like "I expect a 2% to 3% correction before we go higher?"
Criticize the Rothschilds => accusations of anti semitism. Well, it's a well known fact, Sonny Jim, that there's a secret society of the five wealthiest people in the world, known as The Pentavirate, who run everything in the world, including the newspapers, and meet tri-annually at a secret country mansion in Colorado, known as The Meadows. So who's in this Pentavirate? The Queen, The Vatican, The Gettys, The Rothschilds, *and* Colonel Sanders before he went tits up. Oh, I hated the Colonel with is wee *beady* eyes, and that smug look on his face. "Oh, you're gonna buy my chicken! Ohhhhh!"
You must be a mega bull!!! I forgot everything is perfect in this goldilocks economy. There is no goldilocks economy.
Unless I am mistaken, aggregate P/E ratios are presently hovering above their historical norms. Not that I look at these numbers in my day to day trading, but I'm not sure that their present levels quite support Ms. Cohen's general market ebullience. And that's even assuming that the "E" component of the ratio can be taken at face.
110% agree with that. Only somebody outside of the fixed income - actually probably outside of this solar system - can say that he respects Gross when it comes to economic predictions....
respecting gross, respecting his calls, or respecting his analysis are not necessarily the same thing. What I do respect is a person who makes money based on their analysis.
My favorite quote of her is this: If the SP500 tanked to 1100 then we'd be 40% underpriced according to GS!!!!!! So why not wait and see if we take a hike down a few hundred points and get stocks at an even better discount???? And in the process collect 5% annually in CD???? Risk free????