Goldman Trader: Back In 2000 Everyone Thought The Internet Would Run On Cisco Routers At 50% Margins... Until They Didn't

By Bobby Molavi, Goldman trader and managing director

We are 18% of the way through 2024 and see the S&P up 7.7% and little old Europe out performing at 8.2%, while the mighty Nikkei continues its hot streak up 19%.

It feels very much like a fomo...yolo...and momo market. Still like the quote: ’long, staying long, but slightly uncomfortable’ as the best way to describe how many investors feel at the moment.