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Goldman just ratcheted down 2021 projections, and they're still being optimistic. They will ratchet down again to show a great recession. Don't make a poor fina
by czbond 7y ago
Goldman just ratcheted down 2021 projections, and they're still being optimistic. They will ratchet down again to show a great recession. Don't make a poor financial decision based on FOMO.
- everybodyknows 7y agoLink to source?
- czbond 7y ago@tcharlton posted for me above. https://news.ycombinator.com/item?id=22557599 https://news.ycombinator.com/item?id=22557599
- jsight 7y agoHow do you know that they are being optimistic? Honestly, they know no more than any of us. Now is basically just as good of a time to buy as any time in the last 10 years.
- SpicyLemonZest 7y agoMany people have clearly not incorporated even the best-case predictions for COVID-19 into their expectations. Even if Goldman is aware of this, it's probably hard for them to add an explicit "people are being dumb about coronavirus" coefficient to their model.
- czbond 7y agoIt is in their interest to declare optimism. Pessimism gives one a chance to exit positions on 'green uptrends' and keeps other fees coming in. If people expect a downturn, spending of all sorts is restricted - and fees are questioned.