Robert Reincke – Finom Group

Robert Reincke posted an update 4 years, 7 months ago

From Tony Dwyer in Marketwatch article

Dwyer, who on March 16 “suspended’ his 3,440 target for the S&P 500 on Monday set a 12-to-18-month target for the large-cap index at 3,000 — around 2.4% above its level from Monday’s close. That reflects his forecast for 2021 earnings per share of $150 and a price-to-earnings ratio of 20.

Robert Reincke posted an update 4 years, 8 months ago

I really enjoy the informative and data driven reports you guys give.
Thank you

Seth Golden replied 4 years, 8 months ago
@rr5960 thank you! Glad you find them informative and value-added!

Robert Reincke posted an update 4 years, 8 months ago

Just thinking Even with Fed injections we have not even begun to see the long term economic fallout from this lockdown. Failed small businesses, personal bankruptcies, mortgage defaults, etc. I don’t see this as a big recovery at this point.
It’s looking more like corporate welfare every day. Not something middle or lower income America is happy about.

Seth Golden replied 4 years, 8 months ago
It won’t be an easy road back, but it never is and in the moment it will seem like forever. But 2-3 years from now it will appear as a blip on the economy and markets, it always ends up playing out that way, regardless of the causation and steepness of the fall.