OTTIMISMO AMERICANO...
2011: GOLDMAN SACHS IPOTIZZA UN 19% DI RISALITA DEL MERCATO USA E UNA SALITA DEI TASSI SUI TREASURIES A DIECI ANNI AL 5%
If any rise in US bond yields continued because of a return to normality, then in fact, the Dollar might rise, corporate bond spreads certainly tighten, and the stock market rally, possibly significantly.
Are 5 pct US 10-year yields and an S+P of 1475 possible in 2011? We shall see. In my opinion, a 19 pct rise in the US stock market seems quite likely. As for 5 pct bond yields, I think they are much less likely, but not impossible. If they did occur, it certainly wouldn’t have to be for negative reasons.
OTTIMISMO AMERICANO...
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1 commento:
Succede sempre il contrario di ciò che dice Goldman.
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