Article

2022-06-19 Economy

History says the next bull market is just months away, and it could carry the S&P 500 to the 6,000 level, according to Bank of America

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Posted by Besoeker 2022-06-19 00:00|| || Front Page|| [4 views ] Top

#1 The history I read says when governments debase their currency sufficiently, it becomes worthless. Then things in general get much worse.

Posted by Bubba Lover of the Faeries8843 2022-06-19 01:11|| 2022-06-19 01:11|| Front Page Top

#2

I guess BOA has its own Spin cycle.
Because as early as Jan. 2022
Northern Western Business Review stated:

"Amid the increasing concerns over the international economic turmoil that has plagued the markets for months and the lackluster performance of the United States economy, Bank of America has taken a tougher beating than the other large financial institutions. Over the last 6 months, Bank of America has seen its market capital fall 56.03%,... "

With that said.
Remember back in 2008-2010 bank failures, BOA swooped in and purchased and number of failing financial groups. But this go around, it may not be in the same position.

Posted by NN2N1 2022-06-19 06:43|| 2022-06-19 06:43|| Front Page Top

#3 Dead Cat Bounce

Posted by Skidmark 2022-06-19 09:29|| 2022-06-19 09:29|| Front Page Top

#4 ^ Wow, I haven't heard that in years. Thank you.

Posted by Dale 2022-06-19 09:45|| 2022-06-19 09:45|| Front Page Top

#5 My history says otherwise.

Posted by Croque Fliting8030 2022-06-19 12:41|| 2022-06-19 12:41|| Front Page Top

#6 In spite of Joe being a senator for 47+ years - 'History' has never really encountered his ability to totally f-k things up.

Posted by CrazyFool 2022-06-19 13:26|| 2022-06-19 13:26|| Front Page Top

#7 Bank of America says Come buy stuff from us!

Posted by ed in texas 2022-06-19 14:56|| 2022-06-19 14:56|| Front Page Top

#8 We dumped BoA years ago when they screwed up my wife's business account.!980 in fack.

Posted by crazyhorse 2022-06-19 19:10|| 2022-06-19 19:10|| Front Page Top

#9 The stock market took almost 25 years to get back to pre-depression level. About 20 years to get back from the 1969 top and the internet top took about 15 years to reach that level again when adjusted for inflation.

https://www.multpl.com/inflation-adjusted-s-p-500

Posted by Airandee 2022-06-19 19:32|| 2022-06-19 19:32|| Front Page Top

#10 If B of A is correct, the next few months will be a horror show. The S&P closed last week at about 3675. To hit 3000 would mean a drop of 18% from existing levels. That would devastate tens of millions of 401 plans, bankrupt dozens of pension funds, etc.

The only thing good about it would be the humiliating loss the Democrats would take in the mid terms.

Posted by Lord Garth 2022-06-19 20:59|| 2022-06-19 20:59|| Front Page Top

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