Wait a second, buffet says market is cheap and not in a bubble...

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S2007S

I guess when you have hundreds of billions invested in public traded companies the first thing you are going to say repeatedly is that markets are cheap and not in a bubble....that's easy to say when you are one of the world's wealthiest....

So there is no bubble and stocks are still cheap....just keep buying and buying...again this is a no risk all reward market....

http://www.cnbc.com/2017/02/27/us-always-comes-back-and-wins-says-warren-buffett.html
 
speedo said:
When the markets were crashing in 2000, Goldman would trot Abby Joseph Cohen out on CNBC to exclaim how good a value these stocks were. Meanwhile you could see GS on Level II offering out all day long, day after day on them.
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cool story on their actual trading, always good to have these tidbits!

would it be fair to assume that whatever 'public' market view they're offering, they are probably taking the exact opposite side? eg. when oil was near its lows last year $28 on front-month WTI, they said they were bearish energy, ditto copper year end 2015
 
pinetboltz said:
cool story on their actual trading, always good to have these tidbits!

would it be fair to assume that whatever 'public' market view they're offering, they are probably taking the exact opposite side? eg. when oil was near its lows last year $28 on front-month WTI, they said they were bearish energy, ditto copper year end 2015
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There is a saying among traders..."Gotta feed the ducks when they're quacking" First have to get them quacking.
 
speedo said:
There is a saying among traders..."Gotta feed the ducks when they're quacking" First have to get them quacking.
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lol, sounds so paranoid but it's easy to imagine that these entities wait until retail positioning is at max pain point, before releasing a 'research' paper promising further continuation of aforesaid trend, which drives the exhaustion / triggers most stops, and the trend reversal is then formed..

that said, what does it mean for S&P, given this: http://www.marketwatch.com/story/the-bull-market-is-relentless-but-risky-says-goldman-2017-02-27
 
Any cynicism has been earned by years of observing market participant behavior. As a trader, I don't concern about whether markets go up or down or why, I just take my signals...long or short and maintain my disciplines.
 
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toc said:
Goldman chief strategist says S&P to reach 2400 this year which makes right sense.

http://www.businessinsider.com/goldman-sachs-david-kostin-fears-for-2017-2016-12

https://www.bloomberg.com/news/vide...s-kostin-s-p-trading-at-a-very-high-valuation

Kostin says S&P trading at a very high valuation.

Trump factor is threatening the markets and US economy. I thought he was a turnaround guy genuinely desiring to pull the US out of the debt mess but it seems that is not the case.
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That GS chart on S&P ,PE, shows it fairly low.Good thing they dont see a repeat of Smoot- HawleyTariff [tax], That may mean it will not happen, in 2017??
 
toc said:
Goldman chief strategist says S&P to reach 2400 this year which makes right sense.

http://www.businessinsider.com/goldman-sachs-david-kostin-fears-for-2017-2016-12

https://www.bloomberg.com/news/vide...s-kostin-s-p-trading-at-a-very-high-valuation

Kostin says S&P trading at a very high valuation.

Trump factor is threatening the markets and US economy. I thought he was a turnaround guy genuinely desiring to pull the US out of the debt mess but it seems that is not the case.
More...

It's past the point of no return with regards to the "debt mess".

The 2400 prediction is a stone's throw away at this point.
 
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