“ ‘Risk to the downside is greater than the opportunity to the upside from this point where we stand today.’ ” That’s Goldman Sachs’s chief equity strategist, David Kostin, explaining during a CNBC phone interview on Tuesday that recent enthusiasm for stocks don’t necessarily constitute an all-clear signal for bullish …
Read More »In One Chart: Warren Buffett’s ‘yardstick’ for stock-market values still points to ‘very elevated’ downside risk
The stock market broke new ground last week in terms of the breakneck speed of its selloff, with the S&P 500 SPX, -2.34% dropping 10% from its record high in a mere six days, faster than any other time in history. Must be some hot bargains out there, with stocks …
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