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Goldman Sachs Warning

 
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Last Post by Lowell Herr 6 years ago
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 Lowell Herr
(@lowell)
Noble Member Admin Registered
Joined: 13 years ago
Posts: 763
Topic starter March 30, 2020 12:26 PM  

Pay attention to this advice from Goldman Sachs.

"However, Wall Street experts are cautioning that this might not be a sustained rally and warning investors to prepare for what could be a bumpy road ahead. 

In a March 27 note to clients, Goldman Sachs’ U.S. chief equity strategist David Kostin wrote that “bear markets are often punctuated by sharp bounces before resuming their downward trajectory.” 

Looking back, Kostin pointed to six distinct bounces of 9% or more between September 2008 and December 2008. 

“Most bounces involved optimism around monetary or fiscal policy support. However, the market low did not occur until March 2009, when the pace of economic contraction began to slow,” Kostin added."

This is the time to remain patient and follow your investing model.

Lowell

 



   
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