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Goldman: Be Happy With What You’ve Got

We'll be lucky if stocks stay flat, according to the bank.

Keep this on ice, as it won't be needed this year.

The divinely-anointed guardians of capitalism think you shouldn’t get greedy, because you’ll be lucky to just hold on to those gains you’ve enjoyed this year so far.

That’s Goldman Sachs Group Inc.’s view on the path for U.S. stocks the rest of the year. In a note to clients Friday, the bank said high valuations, negligible earnings growth, outflows from domestic equity funds and moderate economic growth support the bank’s thesis that the S&P 500 will end the year at 2100, 0.2% above its level of 2096 midday Monday….

“Mean reversion is a powerful force,” wrote David Kostin, Goldman chief U.S. equity strategist. He highlights that the large-cap S&P index witnessed a compound annual price return of 18% during the past three years and 13% over the last five years, well above the long-term annual average of 5%.

Goldman Says ‘Flat Is the New Up’ for Stocks [WSJ MoneyBeat blog]



"Samuel" Got NO LOVE In Goldman's Quest To Pick Name For Online Lender That Would Sound Hip And With It

Co-founder Samuel Sachs is rolling over in his grave to tell the bank to f*ck off.

Not a place Goldman is particularly interested in visiting. Two hundred percent. [CC BY-SA 2.5], from Wikimedia Commons

Malaysia Is Not Buying What Goldman’s Selling This Time

$6.5 billion in bond deals? Sure. This cockamamie story about how you didn’t know people were stealing almost half of it? No.

Bonus Watch ’15-’17: Goldman Sachs

Four dreaded words: performance-based restricted stock.


Goldman Sachs’ New London Office To Open Just In Time For You-Know-What

Did Llloyd's real estate broker not disclose the whole "Hard Brexit" thing?


Trailblazing Goldman Bull Abby Joseph Cohen Headed Out To Pasture

Somewhere inside 200 West Street, a doleful voice can be heard singing softly "The Lloyd stands alone..."