Are the markets at nosebleed heights, or getting ready to ‘flatten the curve?’ The S&P 500 has just set a new all-time high, as has the NASDAQ; the Dow Jones has found resistance at the 28,000 level, a mark that felt like fantasy just one year ago. The market gains have outpaced the pundits’ collective wisdom, leaving old predictions far behind.From investment bank Goldman Sachs, strategist David Kostin has raised his year-end outlook for the S&P, writing of the market’s prospects, “…a falling equity risk premium will outweigh a rise in bond yields, and combined with our above-consensus EPS forecast, …read more
Source:: Yahoo Finance
