Last week, Investor Mutual’s Anton Tagliaferro was quoted saying he was expecting a correction, which, given our 25% plus rise since November 2012 on the stock market, does not look outlandish. But against that, Richard Coppleson at Goldman Sachs went stampeding into big bull territory.
Here come the bulls
This is what he said: “One of the best US indicators is indicating a 9.75% rise over the next six months… it has happened an unprecedented five times in 2013 and has been SPOT ON.”
He added the following to ram home his point: “Anyone who cannot see that the US is in a multi-year bull market does not understand what is going on around them.”