Worried about Goldman Sachs’ bleak market prediction? Here’s how to prepare if it happens

There is a bleak prediction taking hold in financial circles that a very long winter is about to descend on the stock market.

Lost decades in stocks are sort of like the financial version of 50-year storms – they’re so severe as to be highly improbable at any given point in time.September, 2022: “I wouldn’t be surprised – in fact, it’s my central forecast – the Dow won’t be much higher in 10 years than it is today,” said billionaire investor Stanley Druckenmiller. It’s only been two years, but the Dow Jones Industrial Average has gained 45 per cent in that time.

There are certainly big names that have recently pushed some version of a lost decade: Bank of America, J.P. Morgan Securities, Apollo Global Management, Stifel and GMO.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs profit jumps 45% on investment banking strengthIt joined JPMorgan Chase, which also gained from an investment banking revival, as corporate clients became more confident in the economic outlook, spurring ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Goldman Sachs’ quarterly profit jumps 45% on investment banking strengthThe bank’s total profit was $2.99-billion, or $8.40 per share, for the three months ended Sept. 30, compared with $2.06-billion, or $5.47 per share, a year ago
Source: globebusiness - 🏆 31. / 66 Read more »

Bank of America, Citigroup, Goldman Sachs report: Yahoo FinanceA flood of third quarter earnings reports is hitting Wall Street today. Investors are digesting key results from several big names, including Bank of America...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »