Goldman Sachs believes that Wall Street will skyrocket

Although record Warnings and the minimums in stock markets, the analysts from Goldman Sachs are optimistic, and think that reaching 1.250-1300 points in the S&P 500 (an increase by 20%) is a reachable objective in the mid-run. About the Euro, the analysts from Goldman Sachs think that is “where it should be”.

Last turbulences kept the S&P 500 near to lose the level of 1000 points. Just after the aperture was trying to reach the 1060 points, still very far from the forecasts of Goldman Sachs.

Abby Joseph Cohen, strategist of Goldman Sachs, discarded the threat of a double recession in the macroeconomic landscape. According Abby Joseph Cohen, the main threat on American economy is: “the labor market. Its obvious that the employment creation has been reactivated , but done it too slowly”.

In his forecasts considers a GDP growth in the United States by 2,9% for this year, contrasting with the 2,4% of new contracts. Furthermore the Federal Reserve will wait “the longest possible” before beginning to raise interest rates.

Related posts:

1. Goldman Sachs Protagonized The fear of Bankrupt in Wall Street
2. The Securities and Exchange Commission accused Goldman Sachs of Fraud
3. Fear of a new meltdown is flying around in Wall Street
4. Profits in Wall Street While the Dow Jones is Still under 10,000 points
5. Wall Street affected by the High Unemployment rate