Dangerous Signs of Irrational Market Euphoria  !!
Channel: The Survival Economist
Date: 2021-05-01

Dangerous Signs of Irrational Market Euphoria  !!
JP Morgan and Goldman Sachs just boosted their S&P 500 targets on vaccine news. JP Morgan and Goldman see Stocks Moving into the Euphoria Stage on News of a Vaccine The Market Nirvana continues on news of a promising vaccine. JPMorgan Now Sees S&P Rising Up To 4,500 By End Of 2021. Goldman Sachs from its side boosted its year-end price target on the S&P 500 to 3700 from 3600. Goldman Sachs strategists led by David Kostin, say the vaccine is a more important development for the economy and markets than the prospective policies of a Biden presidency. Amazing what a market can do with infinite printing. The S&P 500 quintupled in value from 2009-2020. While we may not see another quintupling over the next ten years, we should see at least a doubling. Look for S&P 500 at 6,000+, Dow Jones at 50,000+, and NASDAQ at 20,000+ before this decade is out. And just imagine 3 times funds! S&P is only 3% from record highs. Wall Street Always wins! Mainstreet and the little people are irrelevant. Getting the small people to beg for more central bank debt to make Wall Street richer. The FED is pumping them for the next Venezuela level. With pensions facing unprecedented redemptions as boomers retire, the Fed owning the once free market is the de facto bailout of the financial system. While USA goes Zimbabwe-style. 



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