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Did you need a sign to sell all your investments? -- (link)

Posted by ty97 Nov 25 '24, 10:25

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https://bsky.app/profile/samro.bsky.social/post/3lbryyckbmk2d (bsky.app)

Prelim roundup of Wall Street's S&P 500 2025 year-end targets: 6,000: Jefferies 6,400: UBS 6,500: Morgan Stanley, Goldman Sachs 6,586: CFRA 6,600: RBC, Barclays 6,700: BMO 6,500-6,700: Wells Fargo Inv Institute 7,000: Yardeni, CapEcon, Deutsche Bank
— Sam Ro (@samro.bsky.social) 2024-11-25T17:05:15.538Z

Responses:

Can you or someone explain what this means? -- nm - Krusty Nov 25, 10:28 4
- With all due respect to everyone in the thread, it means absolutely nothing. It’s Wall Street crystal ball nonsense. -- nm - David Nov 25, 10:53 1
  - And this. -- nm - znufrii Nov 25, 11:12
- Investment banks are predicting the S&P 500 index will be up anywhere from 0-17% over the next 12 months. *shrug emoji* -- nm* - znufrii Nov 25, 10:30 1
  - Thanks! -- nm - Krusty Nov 25, 10:47
It's currently at about 6,000. Some are predicting 10-12% growth. That's not bad, no? -- nm - Mop🧹 Nov 25, 10:27 5
- Every single one of them is predicting growth. This feels like a Kramer-esque "Bear Sterns is fine!" -- nm - ty97 Nov 25, 10:28 4
  - stonks go up -- nm - oblique Nov 25, 10:36 1
    - over the long term, yes. -- nm - ty97 Nov 25, 10:44
  - Wall Street exhibiting a bullish herd mentality? Never! -- nm - znufrii Nov 25, 10:35 1
    - They've been predicting recession for four years now they are like "wwwhhhheeeeeeee!!!!!". - ty97 Nov 25, 10:44
(Currently at ~5,985) -- nm - Curmudgeon znu Nov 25, 10:27

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