Goldman Sachs Calls a Bottom?
In case you missed it in Bloomberg yesterday, Goldman Sachs is quite bullish on the stock market for the second half of the year. It sees the S&P 500 up to 1,060 by year end (11% higher than yesterday's close). Of the 10 prognosticators Bloomberg tracks, Goldman trails only JPMorgan's 1,100 call (16% higher than yesterday's close).
What does that mean? Not much...most analysts are like lazy weathermen...when it's sunny, they predict sun...when it's rainy, they predict rain. Remember the predictions of $200 oil when oil was near $150?
Read more here:
-Anand (who's only willing to predict that the S&P 500 will have approximately 500 companies by the end of the year).