Saturday, December 10, 2016

Barron's rooting for Goldman Sachs; "Get Ready for Dow 20,000"

Bubbles, Bubbles...

"...The Dow’s gain for the year has been led by Goldman Sachs, UnitedHealth Group (UNH), and Caterpillar (CAT), which together account for about 40% of the advance...

Powering the 30 Dow issues in the past month have been the index’s four financial stocks, Goldman Sachs Group (ticker: GS), JPMorgan Chase (JPM) American Express (AXP), and Travelers (TRV). Goldman’s Dow-leading 33% gain since the election has accounted for about a third of the index’s total advance. The Dow’s value is calculated based on the combined prices of all 30 stocks, multiplied by 6.85, giving outsize influence to the highest-priced shares."