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Re: Boopka post# 242606

Sunday, 03/22/2020 4:30:53 PM

Sunday, March 22, 2020 4:30:53 PM

Post# of 517667
Think about these forecasts. Goldman and Barron’s are predicting further decline when we start seeing job numbers and Q1 results

“37 million jobs could be lost in the coronavirus crisis and these workers will be the hardest hit, chart shows”

and this

““We now forecast S&P 500 (^GSPC) EPS of $110 in 2020, a decline of 33% from 2019,” Goldman Sachs equity strategist David Kostin wrote in a note to clients on Friday.

This puts Goldman on the bearish end of the analyst spectrum. According to a recent Factset survey, the average forecaster is looking for about $170 in EPS for the S&P 500.”
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