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Nine weeks in a row. Nine. Weeks. Can you IMAGINE the Congressional hearings that would be going on if there were nine DOWN weeks in a row? There would be QE12 through QE69 all lined up and ready to go! Check this out…………
I see that Goldman Sachs, always the friend of the working man when it comes to equities, has had their top predictor David Kostin offer up his prediction for the new year. And, drum roll please.……..it’s going to be an UP year! (Spoiler alert: No investment bank in human history has EVER predicted a down year, not even once).
So there we have it. A 9% increase with the S&P going to 5,100.
Hey, since 2022 was such a wipeout, I’m wondering what he predicted for THAT year?
(more…)Arm Holdings (symbol ARM), which has a P/E approaching 500 at this point, just keeps raging higher. With something like this with almost no history, one can only offer the insight that it will keep going up until it stops. I will say, however, that new highs tend to beget new highs, and as the Internet bubble aptly proved, there’s really no way to tell precisely when a crazy stock will top out, stop falling, and never look back.
PLEASE NOTE I composed this before today’s dip, and frankly I think anyone who buys stuff like this is a full-on ‘tard, but……….when in Rome………
