rally transpiring before an eventual collapse. In fact, he thinks the benchmark will exceed 4,000 by Labor Day — implying upside of about 40% from current levels. He refers to this as the final "melt up" and says it will be "a secular top that I expect to be the high-water mark for decades to come.
If that medium-term bullish sentiment sounds familiar, it's because equity strategists at Goldman Sachs recentlyon the heels of a $2.3 trillion Fed stimulus announcement. It's become a popular sentiment across Wall Street that the Fed's actions have bailed out financial markets and enabled risk-takers.
In other news. A 50 year old veteran throws a dart at the Wall Street journal and achieves the same results. The MGMT
There may be a case but aint gonna happen with the massive, quick and broad government intervention that has occurred. More likely some stocks will plunge and others will do well.
If it hasn't happened now, during a global shutdown, why would it happen later