August 24, 2015
One of Wall St's biggest bulls throws in the towel
Piper finally slashed its uber-optimistic market call for 2015, cutting its S&P 500 price target from what now seems an unreachable 2,350 all the way down to 2,135.
The S&P 500 was apparently trading somewhere around 1,900 when they threw in the towel. The price target is now 2,135. They therefore expected the index to rise roughly 12% by year end, or at roughly a 40% annualized pace.
Oh, my! Only a 40% pace? Full capitulation! Uber-pessimistic! They've become permabears! Buy now or forever be priced out! They're just not making any more towels!!
Forehead. Desk. Whack. Whack. Whack.
1.73 million Total Housing Completions in 2024 including Manufactured
Homes; Most Since 2006
-
Today, in the Calculated Risk Real Estate Newsletter: 1.73 million Total
Housing Completions in 2024 including Manufactured Homes; Most Since 2006
A brief ...
1 hour ago
No comments:
Post a Comment