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Here Comes the 'Buying Bonanza'

May 11, 2021 - Nasdaq

A few days ago, I told you that the markets looked frothy. The P/E ratio of S&P 500 stocks is the highest since the dot-com bubble. Also, the Federal Reserve warned Thursday that a “repricing” event could come in the future. I don't expect this event to occur in the weeks ahead. But I do have my trailing stops in place – as always. In the meantime, there's a bullish case for stocks to run higher.

Why?

It's all because of a report update from Goldman Sachs. Companies are about t...