Another joke for today!!! Yep not even days into this drop and good old goldman says sell off is just about over....haaaaaaaaaa Needed that to start my week...a good old wholesome joke.... Goldman says the sell-off is just about over and tells investors to get back into growth stocks Goldman Sachs strategist David Kostin said there is "limited further downside" for stocks after the recent sell-off sent the Dow industrials down almost 6 percent. Strong fundamentals, including rising earnings and return on equity, should limit the damage, he said. Goldman continues to call for a 2,850 price target on the S&P 500, which would be about 3 percent higher from Friday's close. Goldman is advising clients to shift to growth stocks with an emphasis on strong balance sheets. https://www.cnbc.com/2018/10/15/gol...bout-over-so-get-back-into-growth-stocks.html
S&P and Dow back to green and 100 point rally in nasdaq futures! This bull market still has plenty of legs and next will be thanksgiving and christmas rallies. These two weeks look like January and February where everything bounced back quickly the next week.
Wow this has been the most straight up day i have had in a while! over 3% on Nasdaq and 2% on DOW and S&P! Trump is now bashing fed to push it up higher! Nasdaq is now 5% off the lows.
I just posted this pic in another thread... Should we not we expect this to be the new normal now? Just extrapolate the latest line position in your mind since it is not reflecting current closing price.
I'm a little slow Overnight - what are you saying with that chart? Expect drops with quick recoveries? Not much of a chartist, sorry. Thanks!
That is the general idea, aye. That cycle will of course come to an end, but for now with robust earnings coming, and 4th Q looming, I suspect more of this action until end of January.
The joke is every time you get cynical about markets and talk about anywhere from 25-60% crashes the market goes up.