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IPFS News Link • Stock Market

Wall Street's Charade On Full Display

•, Tyler Durden

Don't act surprised but these latest price targets are higher for 2020. Why is it not a surprise? Because Wall Street always projects higher price targets. No matter what. And Wall Street will keep doing that until investors get led off the proverbial cliff.

See Wall Street will not tell you to sell. Ever. Why? Because the entire business model is based on attracting ever more investment flows, more assets under management, more ETF allocations. The entire industry is based on fund inflows. Look closely when you see people always bullish on TV, invariably their compensation is based on assets under management or they manage ETFs or their firms are in the business of selling supply to the public, think IPOs and the like.