It’s truly odd to see the transformation that’s happened with ZeroHedge. They’ve become one of the most ardently bullish-on-equities and bullish-on-Bitcoin sites I’ve ever seen. I’m talking beyond Yahoo Finance levels of doe-eyed equity-love here. I mean, just look at some of the stuff they were tweeting out on Sunday……….
Goldman Sachs, huh? The same Goldman Sachs that told me (by way of the same ZH) that every single DAY in May was probably going to be an “up” day in the market (and they had the same kind of dazzling charts to prove it).
All I can say is, looking at 2022 so far, bulls are swimming UPSTREAM, and every single counter-trend rally they’ve managed to cobble together has been smacked down hard.
The most common target I’m seeing right now is 4,400. It’s 4,400 on the S&P 500 this, and 4,400 on the S&P 500 that. We’ll see. I don’t think so. But maybe Goldman is way smarter than the likes of little old me.