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Other analysts hold a more bullish view.
That's fodder for a bullish view of Goldman's shares.
Moscow's mayor, Sergey Sobyanin, took a more bullish view.
"Rupert has a very bullish view of newspapers.
You can see the thinking behind this bullish view in the charts.
Buying the March futures contract versus selling the April futures contract reflects a bullish view on winter gas.
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Even the bullish views are muted.
The hedge funds Glenview Capital Management and Hayman Capital Management have swooped in on J.C. Penney shares, joining a list of hedge funds that have disclosed bullish views on the struggling retailer.
He also said that his bullish views on the company made people a lot of money for a period of time.
"I love those numbers," said Linda A. Duessel, equity market strategist at Federated Investors, who said that knowledge of the cycle had bolstered her cautiously bullish views of the market.
While distancing himself from the previous team's bullish views, Mr. Hayden said the overly ambitious forecasts had been a response to Wall Street's increasing demand to see profits at Internet companies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com