And he even said on Wednesday that the market "plunge" was completely over.... Haaaaa Now he says a 13% 3 month rally is coming.... Things are all rainbows and butterflies again....after 3 weeks of fear and gloom the sun is shining brightly again... or so they think! Wall Street's Tom Lee: The bull market is celebrating 'middle age' and could last 20 more years The bull market is only now approaching "middle age," and could last 20 more years, strategist Tom Lee says. "It could last to 2035" or "2038," Lee says. "That's going to coincide with millennials peaking." In a note to clients Wednesday, Lee called a bottom to the stock market plunge. In the CNBC interview, Lee said he expects the market to rally at least 13 percent over the next three months. "We believe the sell off is behind us," said Lee, former J.P. Morgan chief equity strategist. He urged investors to buy stocks hit the hardest by the October sell-off, saying they will "bounce the most." https://www.cnbc.com/2018/11/01/tom...-middle-age-and-could-last-20-more-years.html
No worries. Wall Street tolerates bulls who get it wrong... no matter how bigly. But if you're ever wrong about being bearish, you career is in jeopardy.
Can't stop laughing....this is too funny.... A 12% gain into Christmas S$p 3079 All these 3000+ predictions have me laughing so hard!!! Wells Fargo: A double-digit market rally is coming A monster rally for the stock market is coming, says Wells Fargo's head of equity strategy, Chris Harvey. He says the recent sell-off has unlocked value and created a "great opportunity." His current price target for the index is 3,079 by the end of next year, a 12 percent upside from Thursday's close. Michelle Fox | @MFoxCNBC https://www.cnbc.com/2018/11/01/wells-fargo-a-double-digit-market-rally-is-coming.html
That was exactly how I think when I started trading. Obviously I lost tons of money having such mentality. When market dropped significantly, EXPERTS will always speak up and say price will sky rocket to the moon and Mars. Great article to read for amusement & entertainment !! Luckily we traders don't read news. Because reading such news will contaminate our mind. _____________
Predicting a 20+ years of bull market? He has a > 90% chance of being correct. I went back to look at every 20 year period and sure enough, if you look out that far, most 20 yr periods were bull markets, even in 2000 and 2008. Besides, in 20 years who remembers what I said today? Scataphagos is correct. In Wall St., bulls stay in business and bears go home.