The 'Great Bull' market is 'dead,' and here's what's next, Bank of America predicts
- Thread starter Altavest_Erik
- Start date
any analyst who tries to pick the top in a parabolic move up is trying to be remembered as a genius. if he is wrong nobody will remember his prediction.
I'll believe it when I see it.
Interesting to note that BofA did accurately call the February drop the week before it happened:
https://www.cnbc.com/2018/01/26/bof...s-strongest-stock-sell-signal-in-5-years.html
Interesting to note that BofA did accurately call the February drop the week before it happened:
https://www.cnbc.com/2018/01/26/bof...s-strongest-stock-sell-signal-in-5-years.html
This bull market will continue for a lot longer, you have central banks printing money to buy stocks and a president that it took 3 minutes after the market open to tweet about how the S&P500 made a new all time high. If politicians and central bankers both want asset price inflation and stocks to go up it cant be stopped.
Yes, but if any such analyst happens to be correct, they'll be referred to for decades as having "prophetically picked the top of the great bull"...and will be in continual high demand. So perhaps making such a call is a shrewd move as the downside is nearly non-existent.
If you're going to forecast, forecast often.
When you get it right, toot your whistle.
When you get it wrong, keep quiet.