Long-time bull Edward Yardeni believes the Federal Reserve's coronavirus policies are already providing a boost to stocks and putting them on track for a record 2021.
"If we have another opportunity for any downside, I think you'll see more re-balancing which very much reduces the likelihood that we'll be able to get back to the March 23 lows," he said. " he noted. "I'm not going to get too cute about it. I think we're still going to be around this level by year-end."
"It seems a little out of place to talk about a new high when obviously the economic indicators are horrible. But the market does look forward," he said. "Sometime next year, maybe by the end of next year, we'll be moving toward 3,500. We got as high as 3,300 back in February."
AimLenny TradingNation And when the inevitable finally hits...
TradingNation Didn’t he also put out a research piece with a 2020 earnings estimate of $120 for the S&P?
TradingNation Who cares what's fair or not it's making me rich!
TradingNation Gonna make bank bro
TradingNation What is the use of ATH ,when people loses job in large scale
TradingNation Why would we have qe forever if we did not have a massive debt problem that cannot be fixed?
TradingNation Without a doubt!
TradingNation QE4ever will only destroy the $ and perhaps create social unrest.
TradingNation Very optimistic is a bad idea. Not being realistic
TradingNation Unemployment since 1929
TradingNation RLaff21 Nickmarabeas 😯👀👀
EarningsScout TradingNation Shit we should've been doing this all along
TradingNation True. But he will not say what happens in 2022 after the drug has worn off..
TradingNation QErona
TradingNation How’d that work out for Japan....
TradingNation INSANITY.
TradingNation Would the US Presidency have handled well Covid-19, any future stocks surge would not be at the cost of the unnecessary dozens of thousand of US residents who will have died unnecessarily because of the terrible incompetent way Pres. Trump has mishandled this global health crises
TradingNation Lol. Dear god this is a cold take
TradingNation No shit, captain obvious.
TradingNation If the MA ‘lockdown’ goes past May 4, MA pharmaceutical companies are definitely going to evaluate the considerable financial savings in relocating to outside of MA permanently. Other states less likely to remain closed long term in future virus years would save billions $$
TradingNation Well that’s a given
TradingNation Peoe still underestimate and do not understand why wake all whales out after 146 years Rockefeller family out and dump oil wth
TradingNation This is fucking irresponsible, disgusting and a blatant insult to American Capitalism.
TradingNation He propably is still invested and needs a few dumass to safe his bud....
TradingNation Until the next crash.