“Goldman Sachs Warns S&P 500 Might Not Bottom Until 2,000”

[porphyrioskafsokalivitos]

https://www.bnnbloomberg.ca/goldman-sachs-warns-s-p-500-might-not-bottom-until-2-000-1.1406416

 

[thisfeller]

@porphyrioskafsokalivitos Am I reading this right? They expect it to be 3200 by the end of the 2020?

 

[mich46]

@thisfeller Wouldn't that be wondrous?

 

[thisfeller]

@mich46 It seems really optimistic. But maybe I'm just really pessimistic. What was the all time high?

 

[pnao]

@thisfeller around 3400

 

[thisfeller]

@pnao I guess if they are right, some people will make a lot if money.

 

[j2ds]

@porphyrioskafsokalivitos I bought some more, but I dont think it's the bottom.

 

[aramazd]

@porphyrioskafsokalivitos Translation.. Goldman Sachs wants your shares as cheap as possible

 

[resjudicata]

@porphyrioskafsokalivitos This is non-news. They've predicted 5 recessions over the past 5 years and a sharp end to the bull-run. People who weren't paying attention then are paying attention now and giving it more credit than it deserves.

It's far, far more likely the sharp drops in the market has been close enough to pricing most of it in. We'll see when earnings come out in a few weeks.

 

[broncofan]

@porphyrioskafsokalivitos im already down 30%...should i sell and buy back?

 

[evamom]

@broncofan Sell low buy high

 

[gottago]

@evamom This is the way

 

[savedbygrace71]

@evamom Stonks

 

[djunehor]

@evamom Make your money on volume.

 

[ilovemylord23]

@djunehor That's an interesting way to puts it.

 

[resjudicata]

@djunehor Jack Bogle quote, right?

 

[djunehor]

@resjudicata Well it's a sarcastic joke, for when a business is doing poorly.

A word play on a - low margin, high volume business model.

We are losing money on every unit. Ya, but we will make our money on volume!

 

[patewins]

@broncofan Volatility is so high right now that even getting out of the market for 30 minutes to do tax loss harvesting can burn you. Just sit tight.

 

[ekyirefi]

@broncofan The time to sell was a week ago. The time to buy will likely be a week before you do.

 

[carah]

@broncofan yeah. if you think it will keep dropping you should sell. i have a feeling that advisors are saying 'don't sell' because they don't want panic. but if you think it will keep going down, then yeah why not sell?