Posted on 12/04/2023 10:30:25 AM PST by Sequoyah101
The S&P 500 is having an incredible year. The benchmark U.S. stock market index is up 19.7% on the year as bulls test the resistance around 4600.
For Stifel’s analysts, known for accurately predicting the rally in the first half of 2023, this rally has largely played out.
The analysts upgraded their mid-2024 price target for the S&P 500 to 4650 from 4400 previously.
(Excerpt) Read more at investing.com ...
Karaahmetovic? Must be Ukrainian mafia or something.
Sure sure. You folks will do anything to make Joey be look good.
Does this fake rally take into account the inflation we’re seeing everywhere?
Banks are closing branches left and right and there is a day of reckoning coming with regards to Commercial Real Estate (especially those high rises worth hundreds of millions).
> You folks will do anything to make Joey be look good. <
Add to that nobody wants to hear about gloom-and-doom, as accurate as it might be. You’ll probably get more clicks with happy news.
“Attention Titanic passengers. We are making excellent time! Please don’t be distracted by the icebergs.”
...when I first read this article, I was convinced it was from the Babylon Bee, but, alas......a dog turd wrapped in pretty paper with a bow on top is still a dog turd.......
Exactly, wake be up when the dow hits 36,200 plus another 15-20% to make up for the Biden Doldrums.
Also up 19% when true inflation is 20% is not really impressive.
Correctamundo! The stock market isn't up. The value of the dollar is down, making stock shares "worth" more dollars.
Just remember, the Dow closed at 29,348 on Trump’s last full day in office. 36,000 ain’t too bad.
As long as the dollar goes down the markets will go up in response.
Quick, another Trillion added to the economy to increase asset prices. There’s an election coming!
The market is an inflation hedge, we've had some great inflation.
“Just remember, the Dow closed at 29,348 on Trump’s last full day in office. 36,000 ain’t too bad.”
One should not invest based just on who is in the WH. Another good reason to be a long term investor.
It is heavy propaganda.
Just wait until you get taxed on the inflation.
So the Dow 36,000 guys were right, just a few years early.
Bingo.
The Dow closed at 29232 on Feb 19, the day before covid was becoming a concern.
Fasten your seatbelts. You haven’t seen anything yet. Interest on the debt is starting to consume the budget and WILL consume the entire budget. The dems and RINOs have boxed themselves into a corner.
And it was under 20,000 when DJT took office. So it went up almost 50% in the three years leading up to COVID impacts. Since we've had three years of Bidenomics, its gone up only about 25%, and that includes rebounding from COVID. That's a horrible record.
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