Article

2022-02-14 Economy

With Money Flowing Into Stocks At A Record Pace, Goldman Does Not See A "Larger Correction" Taking Place

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Posted by Besoeker 2022-02-14 03:38|| || Front Page|| [5 views ] Top

#1 I don't understand the S&P price target of 4900-5100

currently the S&P is at about 4400.

A target of 4900 would be about a 10% gain in a year. That is not consistent with the 'not bullish, not bearish' narrative.

Posted by Lord Garth 2022-02-14 08:59|| 2022-02-14 08:59|| Front Page Top

#2 Hint: this is the SELL side

Posted by Merrick Ferret 2022-02-14 09:09|| 2022-02-14 09:09|| Front Page Top

#3 /\ Damn sure is.

Posted by Besoeker 2022-02-14 09:11|| 2022-02-14 09:11|| Front Page Top

#4 The Buy side is dumping tech stocks and buying gold, oil, palladium, and now Russian and other emerging market stocks. Biggest winner of the last two months is S Africa's incredibly undervalued gem, Sibanye Stillwater

Smart money is probably also betting on an end to COVIDian idiocy in time for the midterm election campaign = a rebound in hotel and airline stocks

Posted by Merrick Ferret 2022-02-14 09:17|| 2022-02-14 09:17|| Front Page Top

#5 /\ SBSW at $16.42, good dividend at 10% and positioned for growth.

Posted by Besoeker 2022-02-14 09:29|| 2022-02-14 09:29|| Front Page Top

#6 All those trillions of printed dollars have to go somewhere. The S&P target price is simply indicating that the stock market will absorb enough to compensate for a 10% inflation rate... which is a conservative estimate, IMO, and in real value the market will go down.

Posted by Glenmore 2022-02-14 10:01|| 2022-02-14 10:01|| Front Page Top

#7 "Recently printed money" heading into stocks at a record rate. The solution is to print more money and drive up inflation? I don't think so. How about getting rid of the Build Back Broke economy and the corruptocrats who are touting this. Term limits, energy independence, limits on spending in DC and bring back manufacturing to the U.S.. Otherwise, we are headed towards 1929 rapidly.

Posted by JohnQC 2022-02-14 11:11|| 2022-02-14 11:11|| Front Page Top

#8 In days gone by there was a term for this, albeit today we are seeing it on a far grander scale, "pumping". Bring the rubes in and all the pension/investment fund money managed by people whose jobs depend on showing a short term profit. Zero interest rates and commission/fees expenses on both sides of hard assets make the little guy see the markets as the only place to keep up and get ahead. Then, news and advice that doesn't mirror the actual world conditions, and as the rube money flows in, selling incrementally out the backside until the
actual reality bites. Bulls make money and bears make money and pigs get slaughtered... or my favorite, "How do you become a millionaire with Merrill Lynch, start with two million"?

Posted by NoMoreBS 2022-02-14 12:41|| 2022-02-14 12:41|| Front Page Top

#9 ^ aka the ARKK Fund for Morons.

Or, How To Create Serial Fraud-Bubbles Out of Thin Air

1. Shut down the economy and send millions of Americans home with zip to do for months

2. Send every American checks totaling $5 trillion in play-money

3. Keep the casin0s closed (but the Mary Jane dispens@ries open)

4. Tell the SEC to go away while armies of fraudsters and stock touts rage to social media & pump shit-stocks and bankrupt joke companies

5. Watch as over 8 million little retail gamblers lose 75% or more of the nearly $1 trillion in stupid money thrown away on ARKK-style garbage stocks, shitcoins, "NFT" tulip bulbs etc

6. Rinse, repeat

Posted by Merrick Ferret 2022-02-14 13:36|| 2022-02-14 13:36|| Front Page Top

#10 As Riverboat Slim said, "Suckers aren't supposed to have money."

Posted by M. Murcek 2022-02-14 13:43|| 2022-02-14 13:43|| Front Page Top

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