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?
Oh. He predicted the exact same level. And, incidentally, the exact same percentage increase of 9%. He literally copy and pasted the precise same numbers, and he gets paid MILLIONS for this. I challenge anyone to reveal any Kostin prediction which has ever been accurate………..which explains why the man appears on financial television constantly.
Just two days of this hellish year left, folks. Here we go!
