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Post by yogibearbull on Feb 3, 2024 0:09:10 GMT
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Post by retiredat48 on Feb 3, 2024 6:15:39 GMT
I noticed the announcement today with interest.
I spent the last three years listening to Wilson's arguments on why being bearish should dominate, and that the market (S&P500) is going way down.
Then in the totality of things, I always did the opposite, from factors such as momentum, charts etc. Markets simply climb walls-of-worry.
R48
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Post by FD1000 on Feb 3, 2024 13:51:40 GMT
MS is on my wall of shame for years.
Dec 31 2018: Wilson 2019 predictions(link): S&P 500 (^GSPC) Michael Wilson, Morgan Stanley’s chief equity strategist, thinks stocks will continue struggling next year. Essentially going sideways. Reality: SP500 was up 31.5%.
January 2021 (www.cnbc.com/video/2021/01/27/mike-wilson-says-he-expects-a-correction-in-the-sp-500.html).
APR 26 2021(link): Time is ticking on a 10-20% market correction in the next 3 months.
June 8th 2021(link): There will be a 10% correction in the S&P 500 by the end of 2021.
JUL 19 2021 (link): Morgan Stanley says a 10% to 20% correction is ahead
Aug. 17, 2021,(link): Morgan Stanley's Mike Wilson said the S&P 500 could drop over 10% before the end of the year.
Nov 1, 2021 (link) "Mike Wilson sees growing odds of a 10% to 20% correction this quarter"
Dec 7 2021 (link) "I don't think we are out of the woods".
Reality: Wilson predicted at least 6 times for a correction. The SP500 made 28.7% in 2021 with no 10-20% correction.
Michael Wilson doesn't have a clue because he keeps saying the same thing for a year. How come he still has a job after so many bad calls?
12-21-2022 (markets.businessinsider.com/news/stocks/sp-500-bear-market-stocks-morgan-stanley-mike-wilson-2022-11) "You're going to make a new low some time in the first quarter, and that will be a terrific buying opportunity," the bank's CIO Mike Wilson said in an interview with CNBC."
FD: the SP500 made about 8% in Q1/2023, then kept going up and made close to 17% in the first 6 months of the year.
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Post by mnfish on Apr 25, 2024 11:47:37 GMT
Latest quote from Mike Wilson -
“Some of those things we got really wrong. And I think we’re trying to figure out kind of what the next stage is,” Wilson said.
“It’s a humbling business,” he added
I wonder if it's Tom Lee's turn to be wrong.
"I think Bitcoin definitely makes new all-time highs this year, so we think something like $150,000 is probable this year. And then, longer term, I don’t think there’s anything wrong with those targets people have like $500,000 for Bitcoin or much higher.”
"I'd say that there is upside to earnings, I think multiples can expand. I don't think 5,200 is the ceiling for stocks this year. I know this is going to be tough for investors to embrace it, but I think something like 5,600-5,700 is probably where the S&P (SP500) exits the year, maybe even higher," Lee added.
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Post by steadyeddy on Apr 28, 2024 22:40:27 GMT
Forecasts and forecasters have no accountability. So the game goes on... CNBC gets the guests to come on air and audience watches with extreme intrigue.. eyeballs and ads baby!
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