Yeah, so a nice miss...may make the Fed pause at least to reflect on their interest hikes. I don't think investors should be concerned about a bear market at this point. I would say the Feb lows hold and start moving back to the highs of the year.
"For the next year ... equities will probably continue to go up as we have all these stock buybacks and free cash flow,"
So going up first before going down. How much does this dude get paid for that?
Everyone quotes this but forgets the second part which is where people of high ability suffer from illusory inferiority, mistakenly assessing their cognitive ability as lower than it is.