Bull Session| Goldman and BofA have different calls for market outlook. What about you?
After seven straight weeks of losses in $S&P 500 Index(.SPX.US$, the market still shows an unclear direction. Investment banks gave out some opposite forecasts for the stock market.
Read more about the survey: Bloomberg survey predicts market to drop further
If history is any guide, investors could be in for at least five more months of pain if stocks enter into a bear market. Looking back over 140 years, market downturns of this magnitude tend to last 289 days, wiping out, on average, 37.3%.
--- According to BofA Securities chief investment strategist Michael Hartnett.
--- According to BofA Securities chief investment strategist Michael Hartnett.
So mooers, What do you think? What is your prediction? Leave your comments below![]()
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Source: Fortune
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71157628 : “The call of 3,600 means a further 7.7% drop in S&P500 from last Firday, ”
why such simple mistakes always? Firday?
Chatterbox MooOP 71157628: Hi, thanks for pointing it out
We corrected the mistake above.
TheBank : I'm at a loss for words.
dlkseng : From peak ~4500, -30%, so I think will drop till ~3200
SebTheTraderOuf 71157628: Did not see the mistake ?
50 cent : They are just buying it for each other, they do something called "Cellar boxing" or more commonly referred too as ladder attacks. Algorithms do the heavy lifting, super computers where real-estate in the room goes for millions just to be inches closer to the exchange for faster bid/ask spread scalping
50 cent : While they short the stock mind you. Or keep it up.
Brooks Falls : 3000
101584978 : likely to rebounce upward