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S&P Tops 1,900 - Hits Goldman's Year-End Target 8 Months Early

Tyler Durden's picture




 

From January 3rd...

Mission Accomplished (8 months early)

 

The level was inevitable we assume - given it's a Tuesday but bonds and JPY are not supoortive at all...

 

Bear in mind this 1,900 target was originally for 2015... (and published in April 2013...)

The obligatory pretty charts and tables:

There is, of course, a caveat. Namely, "we may be wrong about everything if things don't quite turn out as the central bankers want them to"

A disappointing economic recovery would be the main risk to our forecasts. Our forecasts are based on our economists’ forecasts of global growth accelerating from 3.0% in 2012 to 3.3% in 2013 and further to an above 4% pace from 2014 through 2016. Our alternative scenarios suggest that widely held concerns about margins and valuations not being truly cheap can be addressed without destroying the case for equities. However we judge markets to be roughly fairly priced for the current economic environment and therefore returns are unlikely to materialize on a sustained basis unless the economic recovery continues. Our discussion of risks focuses on the downside as the returns in our central scenario are already very attractive. However, there are clearly also upside risks, with a stronger economic recovery than we forecast being the most obvious.

Well, it seems extremely disappointing macro data was not a problem at all.

 

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Tue, 05/13/2014 - 09:48 | 4754395 Aknownymouse
Aknownymouse's picture

Wow. Your article was out within the second it happened. Did you pen that last night?

Tue, 05/13/2014 - 09:57 | 4754459 Divided States ...
Divided States of America's picture

Good...so the beginning of the end will also start eight months earlier.

Tue, 05/13/2014 - 09:59 | 4754466 clooney_art
clooney_art's picture

Economy is doing great !!!

Full delusional circle jerk complete.

I won't be surprised if I see DOW 36000 by the end of this year. It's all fake anyway. Capitalism is dead.

Tue, 05/13/2014 - 10:09 | 4754515 Headbanger
Headbanger's picture

Oh yeah this makes total fucking retarded sense now with Q1 GDP gone negative and Goldman just cutting Q2 GDP by a lot.

Well it makes sense given we have a retard in the White House put there by retards.

It's like being in a retard zombies movie!

They're everywhere!  They're everywhere!!

Tue, 05/13/2014 - 10:41 | 4754677 FL_Conservative
FL_Conservative's picture

May the farce be with you.

Tue, 05/13/2014 - 10:46 | 4754710 sodbuster
sodbuster's picture

Fraud Street is rigged. It makes wrestling look legit.

Tue, 05/13/2014 - 16:57 | 4756417 Flux
Flux's picture

Woo hoo!

And yet another great day in the market.

You have no one to blame but yourselves for missing out.

And ZH, of course.

 

Tue, 05/13/2014 - 10:06 | 4754498 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

the end wont happen like that, its going to come from another source imo.

Tue, 05/13/2014 - 10:14 | 4754522 SoilMyselfRotten
SoilMyselfRotten's picture

Edit: Goldman: We forecast the S&P 500 will end 2014 at 1900(+/- 30%)

 Fixed

Tue, 05/13/2014 - 10:48 | 4754725 TheRideNeverEnds
TheRideNeverEnds's picture

In fairness 1900 was a lock because the chance of a market decline is zero and 1900 comes before 2000 which is where the S&P is headed by the end of the year if you follow the current fundamental trend.  (FED balance sheet)

Tue, 05/13/2014 - 09:49 | 4754399 yogibear
yogibear's picture

The Federal Reserve members have higher targets. They'll just  printing and rallying the market.

Tue, 05/13/2014 - 09:52 | 4754417 Groundhog Day
Groundhog Day's picture

ive been waiting a long time. Finally i can wear my 1900 hat and pop the bubbly

Tue, 05/13/2014 - 09:57 | 4754452 JenkinsLane
JenkinsLane's picture

My "1900" hat is a baseball cap with beer can holders on each side and a straw leading

down to my mouth.

Tue, 05/13/2014 - 10:06 | 4754499 SoilMyselfRotten
SoilMyselfRotten's picture

Party like its 1899

Tue, 05/13/2014 - 10:09 | 4754506 Divided States ...
Divided States of America's picture

My S&P targets call for a range of 1914 to 1918 where it will consolidate and stabilize a bit before a final surge to the 1933 to 1945 level....then all hell breaks loose.

Remember where and how WW1 and WW2 started....Europe...and is it such a coincidence that Europe is in the middle of a global geopolitical mess again???

Tue, 05/13/2014 - 10:11 | 4754519 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

As long as Yellen is driving, there will be no all "Hell breaks loose". She will just print MOAR. It will get reset when the tribe gives the order.

Tue, 05/13/2014 - 10:18 | 4754549 Divided States ...
Divided States of America's picture

Cant argue with you about the tribe....they only care about themselves....

As for the S&P targets I made up...they are just numbers that represents when WW1 and WW2 started and ended...

Tue, 05/13/2014 - 10:15 | 4754540 RaceToTheBottom
RaceToTheBottom's picture

Rally Caps....

Tue, 05/13/2014 - 09:49 | 4754400 ptoemmes
ptoemmes's picture

I missed New Years Eve - AGAIN!

Tue, 05/13/2014 - 09:50 | 4754403 lemarche
lemarche's picture

WELL DONE **SUPER GRANNY** YELLEN !!!

YE OLD GOOD WORK.

"NOT OBVIOUSLY IN BUBBLE TERRITORY"..... SHE SHOULD GO TO JAIL FOR SAYING STUFF LIKE THAT IN FRONT OF THE CONGRESS (IE THE PEOPLE OF THE UNITED STATES).....

Tue, 05/13/2014 - 09:54 | 4754437 Aknownymouse
Aknownymouse's picture

May I suggest they just put bars all around congress while members and FED are inside and judt rename the place JAIL. should be easier that way. They all belong there.

Tue, 05/13/2014 - 09:55 | 4754447 Winston Churchill
Winston Churchill's picture

Make it GOAL, and the idiots will think its summer camp.

Tue, 05/13/2014 - 09:52 | 4754424 yogibear
yogibear's picture

It's all about pension funds and keeping those elevated to make their goals. Everything else is secondary. Plus Wall Street bonuses.

Tue, 05/13/2014 - 09:56 | 4754450 Billy Sol Estes
Billy Sol Estes's picture

I literally see the .gov lackies posting on newspaper* sites thanking Obama for improving their 401ks.

Too funny.

Tue, 05/13/2014 - 10:29 | 4754619 Headbanger
Headbanger's picture

Pensions?  That's a joke

I think well see "Freedom Camps" set up for the elderly "final solution"

Tue, 05/13/2014 - 09:53 | 4754433 Dr. Engali
Dr. Engali's picture

Our currency is dying at a faster pace than the squid expected....well at a faster pace than the squid is telling it's muppets.

Tue, 05/13/2014 - 09:53 | 4754435 Zirpedge
Zirpedge's picture

Plenty of time left to crash it 30% and rebuild it with a massive QE injection.

Tue, 05/13/2014 - 09:55 | 4754446 Billy Sol Estes
Billy Sol Estes's picture

 

 

4 More Years!

4 More Years!

4 More Years!

4 More Years!

4 More Years!

4 More Years!

4 More Years!

4 More Years!

4 More Years!

4 More Years!

4 More Years!

4 More Years!

4 More Years!

4 More Years!

4 More Years!

4 More Years!

4 More Years!

4 More Years!

Tue, 05/13/2014 - 10:44 | 4754694 ShorTed
ShorTed's picture

I'm afraid you're right, just replacing "Ears" with Vagina. What a mess.

Tue, 05/13/2014 - 09:56 | 4754449 MountainsRoam
MountainsRoam's picture

Guess they better up the S&P target to 2500, while they lower their GDP and retail forcasts at the same time haha what a country!

Tue, 05/13/2014 - 09:58 | 4754460 disabledvet
disabledvet's picture

DON'T GIVE ME THAT DO GOOODY GOOD BUUUUUUUULSHIT!

Tue, 05/13/2014 - 10:00 | 4754475 Billy Sol Estes
Billy Sol Estes's picture

Grab that cash with both hands and make a stash - Dimon

Tue, 05/13/2014 - 10:03 | 4754484 Spastica Rex
Spastica Rex's picture

Shine on, you crazy Dimon.

Tue, 05/13/2014 - 10:23 | 4754574 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Epic tune.

Tue, 05/13/2014 - 09:59 | 4754472 kurzdump
kurzdump's picture

One way market

Tue, 05/13/2014 - 10:05 | 4754493 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Small corrections here and there (1-2% being the new norm) but always new highs closely behind.

Tue, 05/13/2014 - 10:05 | 4754496 Spawn of Cagliostro
Spawn of Cagliostro's picture

2000.00 party over, outta time. 

Tue, 05/13/2014 - 10:05 | 4754497 OMG
OMG's picture

OMG

Tue, 05/13/2014 - 10:15 | 4754538 Kaiser Sousa
Kaiser Sousa's picture

my package arrived from Apmex yesterday..

now, whats that ya'll talkin about???

Tue, 05/13/2014 - 10:18 | 4754550 Spungo
Spungo's picture

Go go crack up boom!

Tue, 05/13/2014 - 10:20 | 4754564 jubber
jubber's picture

So now what? what are people to do without Goldman to tell them?  time to Short at will

Tue, 05/13/2014 - 10:46 | 4754705 The worst trader
The worst trader's picture

Thats the best yeller can do? how about 2000?

Tue, 05/13/2014 - 10:53 | 4754756 khakuda
khakuda's picture

And rates are at zero and QE continues why?

Tue, 05/13/2014 - 10:54 | 4754766 GFORCE
GFORCE's picture

It will END there. You have to get record highs to get the muppets in for a nice profit take first.

Tue, 05/13/2014 - 11:23 | 4754963 _SILENCER
_SILENCER's picture

Wall Street should be turned in Brawl Street.

It'd really be something to behold.

Tue, 05/13/2014 - 11:26 | 4754986 Goggles Pisano
Goggles Pisano's picture

I think it will still be a spot on prediction. 2000 by August, 400 in October, back to 1900 in December.

Tue, 05/13/2014 - 11:34 | 4755038 RealityCheque
RealityCheque's picture

.....hooray...?

Tue, 05/13/2014 - 11:37 | 4755058 NoIdea
NoIdea's picture

The Russell 2000 was a day early to the party, decided to have its own blowout and is suffering from a hangover today

Tue, 05/13/2014 - 11:43 | 4755097 stopthejunk1
stopthejunk1's picture

They didn't say it wouldn't exceed 1900 during the course of the year. They said it would end the year at 1900.

By definition, this goal cannot be "met" (or missed) until the last trading day of the year has arrived... you moron.

Tue, 05/13/2014 - 12:00 | 4755191 MFL8240
MFL8240's picture

The worst global economy in the history of the world, geopolitical catastrophes all around and the US has the highest stock market ever. Stunning to think that some think this is real!

Tue, 05/13/2014 - 12:02 | 4755195 MFL8240
MFL8240's picture

Get out while you can!

Tue, 05/13/2014 - 13:28 | 4755583 walküre
walküre's picture

Buy now or be priced out forever!

If Wall Street (the *cough* "markets") are any indication where we are headed, we all better follow the big boys leads and buy anything that's not nailed down.

Just hypothetically speaking. Say there are big institutional buyers here grabbing every dip (the true BTFD handful of people) then things can get dicey very soon. The "market" is supposed to be a leading indicator. Doesn't mean the "market" prognosticates a booming economy but it could mean, this "market" indicates that the trillions in QE trash cash are finding its way into equities, bonds and what have you.

That trend is starting to look like a hyperinflationary blow off top where cash will be completely worthless in a relatively short amount of time. The balance sheets are all fucked. The rich have everything they ever need and then some. Don't know where to stuff their newly QE created trash cash.

Buckle up. The ride into the abyss is not quite straight ahead. It's right behind that big hockey stick leap of currency devaluation we're about to be hammered with.

If you still don't get it, don't bother.

Wed, 05/21/2014 - 13:30 | 4781924 MeelionDollerBogus
MeelionDollerBogus's picture

I'm buying all right, HVU 11x market inverse. When this thing rolls over it'll get very high very fast.
It's at 4.52 right now & by the time SPY slams down to 170 it will be 14.66 to 16.21, and by the time SPY hits 150 it will be 64.25/share

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