Goldman Says We Could Be Entering "Third Wave" of Financial Crisis

While market volatility has been the early watch word for 2016, a report from Goldman Sachs says don’t get excited, it’s all part of a trading range. The recent market rally? It is “about positioning rather than fundamentals,” the Portfolio Strategy Research piece stated, while noting the downside projection that the economy could be in the midst of a "third wave" correction.

Goldman's November 2015 prediction now looks optimistic

During November 2015, when Goldman Sachs predicted a 2016 price target of 2100, the report seemed less than optimistic, particularly as the market started the month near 2109. But now sitting near...