The old saw about how one should buy when there is blood running in the streets was quite true with respect to the FTX collapse thirteen months ago. In retrospect, we can see that anything and everything related to crypto was a total bargain, and they’ve all gone up hundreds, if not thousands, of percent since then. It’s like 2021 all over again. I would say, however, that our rainbow friend seems to suggest it’s more likely that BTC ease back over the coming months before making another thrust higher.
(more…)Slope of Hope Blog Posts
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Kostin Plus
I see that Goldman Sachs, always the friend of the working man when it comes to equities, has had their top predictor David Kostin offer up his prediction for the new year. And, drum roll please.……..it’s going to be an UP year! (Spoiler alert: No investment bank in human history has EVER predicted a down year, not even once).
So there we have it. A 9% increase with the S&P going to 5,100.
Hey, since 2022 was such a wipeout, I’m wondering what he predicted for THAT year?
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