1 Apr 2025 8:54 am
Good luck to him.Fuelman » 25 minutes ago » wrote: ↑ A troubling market correction fueled by economic anxiety will soon go the way of winter coats, says James Demmert, the investment chief at Main Street Research, which he founded in 1993.
Demmert, a longtime bull, is unfazed by this sell-off. Instead, he believes investors should buy the dip ahead of a roaring rebound where the S&P 500 vaults 27% from current levels to 7,050 by year's end.
It hasn't been the best quarter for sure, barely hanging onto a gain, .25%. We bumped our foreign equity investments to 30% from 20%. I have seen the news many are upping the probability of a recession to 35-40%.
One last reminder: All forecasts are marketing. Or, as John Kenneth Galbraith observed, “The only function of economic forecasting is to make astrology look respectable.”
I suspect this guy's fishing for MAGAts.