Goldman Sachs abandons its bearish near-term view on stocks, says the bottom is in


Of course this is near term. We could be having a bear market rally.

(From Marketwatch)

Why? “The combination of unprecedented policy support and a flattening viral curve have dramatically reduced downside risk for the U.S. economy and financial markets and lifted the S&P 500 out of bear market territory,” said Kostin, whose gloomy stock prediction from last month came the day before a complete market meltdown.

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