Because they fancy themselves the smartest guys in the room, it is always good to follow the thoughts of Goldman Sachs. Here are their latest:
1. "Stay fully invested -- we don't have bubble troubles yet."
2. They like technology stocks and junk bonds.
3. There is a 67% probability that stocks will have a 10% correction this year. (I agree!)
4. But, the S&P will still end the year up 3% this year and 4% next year.
5. European stocks should gain 10% this year and average 11% per year the next five years.
6. There is only a 20% probability of recession in the U.S.
. . . and drum roll, please . . .
7. "The economic risk of U.S. political gridlock around the debt ceiling and government shutdowns is negligible." Let us pray they are right!
1. "Stay fully invested -- we don't have bubble troubles yet."
2. They like technology stocks and junk bonds.
3. There is a 67% probability that stocks will have a 10% correction this year. (I agree!)
4. But, the S&P will still end the year up 3% this year and 4% next year.
5. European stocks should gain 10% this year and average 11% per year the next five years.
6. There is only a 20% probability of recession in the U.S.
. . . and drum roll, please . . .
7. "The economic risk of U.S. political gridlock around the debt ceiling and government shutdowns is negligible." Let us pray they are right!
