When something reaches a 40 year high, it is probably a good time to take a look at it.
This is the case with Goldman Sachs bull-bear indicator. It is now at a point not seen since the 1970s. According to this outlook, the chance of a recession is high. At the same time, it is also expected that lower returns will be the norm compared to what people are accustomed to recently.
Goldman is not saying that all is done and run for the hills. This outlook is pre-mature in addition to being exaggerated.
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