Well, I clicked only one of the links, and found this...
"Before the new year even begins, Harvey cut his price target for the S&P 500 from an original outlook of 3,079 to a much more muted 2,665. That's a 13.4 percent reduction that the bank's head of equity strategy attributed largely to fears of an over-aggressive Federal Reserve, which hiked its benchmark interest rate four times this year, most recently on Dec. 19.
The move "is due to our more comprehensive understanding of the Fed's near-term philosophy and the belief that it will cause the growth deceleration to intensify," Harvey said in a note to clients.
...Still, the new target represents a virtually exact 13.4 percent upside from Monday's close."
I find these blowhards totally laughable. 13.4 % down, and then 13.4% up? Seriously? Do these guys have a brain for themselves, or do they just like to push numbers on paper?
And what was this guy saying exactly one year ago? What was their comprehensive understanding of the Fed's near-term philosophy a year ago? I'm keen to be curious about it, but I ain't looking for it. What he is saying now seems to be a guessing game based purely on hindsight.
