Yahoo Finance: “Sure, we could see another year of double-digit returns”By admin_45 in IN THE NEWS
Excerpt from Yahoo Finance quoting DataTrek co-founder Nick Colas:
.... "DataTrek Research looked back at the history and observed that the market delivered three (or more) consecutive years of >10% five other times: 1942-1945, 1949-1952, 1963-1965, 1995-1999, and 2012-2014.
While it wouldn’t be unprecedented to have another year of double-digit returns, it would be pretty unusual. And DataTrek’s Nicholas Colas has his doubts.
“If we had to guesstimate, we’d say 80% of all the baseline good news expected in 2021 is already incorporated in an S&P 500 at 3,700 in late December 2020,” Colas wrote last week"....
Read the full article here on Yahoo Finance!