Markets Erase 2018 Gains Following Dismal Day of Trading, Dow Drops 550 Points. Cash is King

[tacobell fan]

As the stock market and economy are set to skid, Goldman says cash will be king

Cash is king. That is according to Goldman Sachs strategists who predict that 2019 will deliver lackluster, single-digit stock-market returns, making greenbacks the best game in town.

“We forecast S&P 500 will generate a modest single-digit absolute return in 2019. The risk-adjusted return will be less than half the long-term average. Cash will represent a competitive asset class to stocks for the first time in many years,” analysts at Goldman, led by David Kostin, wrote in a research reported dated Nov. 19.

Referencing a bull market approaching its 10th year that has delivered double-digit gains in 2017 and repeated records for the Dow Jones Industrial AverageDJIA, -2.21% the S&P 500 index SPX, -1.82% and the Nasdaq Composite IndexCOMP, -1.70% Goldman said “all good things must eventually come to an end.”

The strategists echo a common mantra among market bears: a deceleration in economic expansion and corporate profits will occur in 2019 because 2018 produced stellar GDP and earnings fueled by corporate tax cuts from the Trump administration and other business-favorable policies.

 

https://www.marketwatch.com/story/as-the-stock-market-and-economy-are-set-to-skid-goldman-says-cash-will-be-king-2018-11-20

[Android_Halwa]

Save all your cash...Its gonna make you rich.

If you have cash and have no idea to do what, then its as good as not to have cash.

Cash hoarders, Investment of life time is about to happen. 

[tacobell fan]

waiting for $ to take correction path. I can't wait for it.

[Android_Halwa]

Just now, tacobell fan said:

waiting for $ to take correction path. I can't wait for it.

You mean appreciation ? 

 

[boeing747]

1 minute ago, tacobell fan said:

waiting for $ to take correction path. I can't wait for it.

sarigga cheppu baa...

[k2s]

[Android_Halwa]

Look at the bright spots..!!! US economy will weaken over the next 4-5 years, but look out for growing economies...they gonna be the game changers

[tacobell fan]

5 minutes ago, Android_Halwa said:

You mean appreciation ? 

 

Rupee appreciation.  

[tacobell fan]

4 minutes ago, boeing747 said:

sarigga cheppu baa...

Transfer as much as you can and as soon as you can.

[tacobell fan]

1 minute ago, Android_Halwa said:

Look at the bright spots..!!! US economy will weaken over the next 4-5 years, but look out for growing economies...they gonna be the game changers

So far @TrumpCare blindly taking credit for strong wall street, i really want to see how his base going to respond over next few months.

[Android_Halwa]

1 minute ago, tacobell fan said:

Rupee appreciation.  

Rupee is volatile considering political situation in India but later part of 2019, Rupee will get stronger. Trade sampi idisestadi

[Android_Halwa]

Just now, tacobell fan said:

So far @TrumpCare blindly taking credit for strong wall street, i really want to see how his base going to respond over next few months.

Trump is another CBN. Taking credit for everything but it’s shaky already..chala volatile. Oka quarter spending taggithe apudu telustadi trump satha endo. 

[Android_Halwa]

Trade wars are helping American companies but in short term only.

In longer run, Trade cuts won’t help America..! 

[tacobell fan]

Just now, Android_Halwa said:

Trump is another CBN. Taking credit for everything but it’s shaky already..chala volatile. Oka quarter spending taggithe apudu telustadi trump satha endo. 

Markets could have busted last quarter but tax cuts hide most part of it.

[tacobell fan]

2 minutes ago, Android_Halwa said:

Rupee is volatile considering political situation in India but later part of 2019, Rupee will get stronger. Trade sampi idisestadi

Matter of time. If i'm not wrong, if the markets continue to downhill, they will reverse all trade mess (but it's already out of hands). Honestly, markets are now responding to the trade decisions he made.