And the reason for this visit to Mr. K's Twitter feed?The 16th. Again, last weekend looked rather different pic.twitter.com/pHVoNYcDqK— David Keohane (@DavidKeo) December 15, 2018
Weather in Paris is thoroughly miserable. Government must be delighted.— David Keohane (@DavidKeo) December 15, 2018Should add: It’s bloody cold— David Keohane (@DavidKeo) December 15, 2018
We've been touting the S&P 500 to trade to the original target that GMO's Jeremy Grantham set over two years ago, at least 3000 and on up to 3300 before the real fun-and-games begin.
While looking at some search results ('search blog' box, upper left) this from early 2018 dropped out:
Thursday, January 4, 2018
The FT's David Keohane's Shorter Jeremy Grantham
S&P 500:Grantham's latest: "A range of 9 to 18 months from today and a price rise to around 3,400 to 3,700 on the S&P 500 would show the same 60% gain over 21 months as the least of the other classic bubble events." https://t.co/iu6cXIHRxW— David Keohane (@DavidKeo) January 4, 2018
2,723.01 +9.95 (+0.37%)
In the interim Mr. Grantham has scaled back his certainty to the magical '40% chance' number favored by analysts everywhere.
S&P 500 close 14 December: 2,599.95