Goldman Sachs Says Buy Stocks on Any Market Weakness
- Tactical risks of market correction are rising, broker says
- Reflationary environment is likely to support buying the dip
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While the risk of a correction in stocks is increasing, stimulus measures and the event-driven nature of the economic crisis make a bear market unlikely, strategists at Goldman Sachs Group Inc. said, recommending using any dips to buy equities.
Instead of fearing bear territory, Goldman strategists led by Peter Oppenheimer said in a note that the market is in the early stages of a bull phase following an “explosive” valuations-led rebound in equities that tends to start in recession and marks the start of a new cycle.