S&P recovery will be far faster than 2008: Citigroup

index would stand at 3,160 points and 28,400 points respectively in June 2021, up about 7% and 15.5% from current levels.

Citigroup’s forecast would see the two indexes recoup 81% and 90% of the losses they suffered from February’s record peaks in 465 days, or a little over 15 months. The equivalent recovery after the 2008 crash took the S&P 500 1,107 days and the Dow 1,288 days. “Embedded in the forecast is an expectation for COVID-19 vaccines and treatments that lift many of the hindrances to ‘back to normal’ practices that still are in place currently,” he said. “While some industries could face permanent long-term damage, the Great Pause will reverse itself as time progresses.”

Average people will be shit on again tho

Only guess no guarantee❗

With the help of how many trillions of dollars, remind me? The nominator, I.e. the underlying conditions don’t have to change, as long as the denominator changes. You don’t have to work in a big bank to know that.

S&P 3160 by June of 2021? That's less than 200 points from here. We are just two Jerome Powell 60 Minutes interviews and a Moderna announcement from hitting that June of this year.

This comes from the same guys that want to sell you stocks. Think of this as “Boiler Room” on steroids.

Lol it it takes it one thought to bankrupt the masses. “Maybe the market will continue to rise and the worst is over.”

$C citigroup what do THEY know 🤣🤣🤣

Alea_ squareroot

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