Optimism around corporate earnings has powered equities to new highs and prompted traders to set aside fears around coronavirus. But Goldman analyst Peter Oppenheimer thinks the market is overestimating the ability of companies to keep growing profits.
"Over the past couple of months the new highs in the market have been driven by lower bond yields and looser financial conditions despite weaker growth prospects," Oppenheimer said."This makes the market vulnerable to earnings disappointments." But Oppenheimer says he understands where investors are coming from. He notes that market participants are likely being influenced by the market's resilience in the face of the 2003 SARS epidemic.
Somebody better check and see what GS shorted this morning b4 they came out with that unsubstantiated bullshit.
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Goldman says market underestimating coronavirus risk: 'Correction is looking much more probable'Goldman Sachs sounded the alarm about a possible correction in the stock market, noting investors are underestimating the coronavirus risk. signal to go all in Lost money in market making? you wish
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Stock market live updates: Nasdaq turns positive, Apple off lows, Tesla jumps, utilities recordStock market live updates: The number of declining stocks at the NYSE now outpaces those rising. New Investing and Personal Finance Forum. We would love to have you join! Link in bio FinanceFreeway . com Who cares? Just keep buying FAANG stocks and you are good. Once they too collapse you can shift residence to some other country before USD becomes toilet paper! Nasdaq futures now positive on the day. Nice comeback.
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Investors may be overreaching as market hits new highs amid coronavirus outbreak'It could be a short-term shock but one that ends up having a somewhat longer-term impact,' Cornell University professor Eswar Prasad told CNBC. I don't see significant mortalities. It too shall pass. racist message
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European stocks headed for lower open despite coronavirus slowdown in ChinaEuropean markets are expected to open lower on Thursday despite a slowdown in the spread of the coronavirus in China that's helped other markets to advance. What fucking slow down? If y'all keep pushing Chinese propaganda..., when the global pandemic reaches ur studios, I hope you all cry in irony and no one comes to help. the stock market moves by psychology, not reality.
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