Here is what very highly-paid, very famous, and very influential Morgan Stanley top strategist Mike Wilson was saying thirteen months ago. I have helpfully provided an arrow on the S&P 500 when he said it.
He has utterly changed his point of view. He’s a bull now. Just like everyone else on the planet, with the notable exception of one person: your narrator.
After missing the last 1,200 points, what is his bold declaration now? Well, his target is 5,400, which is, gosh, 1.7% higher than we are now. In other words, having missed the last 30%, this mega-rich-putz has burst onto the stage to announce that there’s 1.7% to go, if you follow his counsel.
I think I’ll let the next few months speak for themselves, now that this shill has thrown in the towel.
