The Traderszone Network

Published in TZ Latest News 26 July, 2014 by The TZ Newswire Staff

Two Weeks After Upgrading Stocks, Goldman Downgrades Stocks

Just two short weeks ago, when Goldman’s head strategist David Kostin announced that on one hand the market’s “stellar return borrowed heavily from the future” and “is now 30%-45% overvalued compared with the average since 1928″, which “logically” led to Kostin’s conclusion that “we lift our year-end 2014 S&P 500 price target to 2050 (from 1900) and 12-month target to 2075, reflecting prospective returns of 4% a

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