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How 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 la
by jsight 7y ago
How 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.