Goldman’s Solomon says greed is trumping fear in the bull market
“Investors lulled by the long bull market are being motivated more by a search for yield than concern a correction is coming, according to Goldman Sachs Group Inc. President David Solomon. ‘We’re down the road in the cycle, so there’s certainly places where people are further along the greed spectrum than the fear spectrum,’ Solomon said Monday in an interview on Bloomberg Television. ‘In an environment where money has been so inexpensive for such a long period of time, there’s no question that people have been reaching for yield.'”
MK note: Unwinding this long and winding road could take time. . . .or it could happen in a New York minute.