US stock market, the party is over say Goldman Sachs

• Goldman Sachs’ latest report (David Kostin, Goldman’s chief US equity strategist) on the S&P 500, in brief:
• Predict a 3% annualized return for the S&P 500 index over the next decade, real increase of 1%
• significantly lower than the index’s 13% annualized total return over the past ten years
• Consensus is around 6%, so GS is only half that

More, GS makes note that:

• their projections fall within a range of +7% to -1%
• and uncertainty in forecasting such a distant future

This article was written by Eamonn Sheridan at www.forexlive.com.