Goldman Sachs Partner: Calling the Top is
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Golden Finance May 12｜Goldman Sachs partner Rich Privorotsky stated in his latest client report that the current price trends in the US stock market "have a hint of the taste of 2000," but the underlying earnings fundamentals behind this round are much more solid than back then. His conclusion is quite thought-provoking: during the bubble formation stage, "calling the top is a futile act," and investors may be better off riding the trend and embracing the process.
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