Posted on 02/27/2020 7:59:18 AM PST by ProtectOurFreedom
Strategists at Goldman Sachs just reminded investors why they are dumping stocks hand over fist right now.
The coronavirus may wipe out corporate growth in 2020, perhaps completely.
Goldman Sachs said Thursday in a note U.S. companies will generate no earnings growth in 2020. Underlying the call is Goldmans view that the coronavirus is expected to spread around the globe and severely harm economic activity. For 2020, Goldman slashed its S&P 500 earnings estimate by $9 and expects no earnings growth. Looking out into 2021, Goldman now sees $8 less in S&P 500 earnings and a modest 6% growth rate.
Our reduced profit forecasts reflect the severe decline in Chinese economic activity in 1Q, lower end-demand for US exporters, disruption to the supply chain for many US firms, a slowdown in US economic activity, and elevated business uncertainty, wrote Goldman strategist David Kostin.
Kostin doesnt stop there in sounding the alarm bell on coronavirus, however.
A more severe pandemic could lead to a more prolonged disruption and a US recession, Kostin said. Under a recessionary scenario, Kostin sees S&P 500 earnings dropping 13% this year. They would potentially rebound to 10% growth in 2021.
(Excerpt) Read more at finance.yahoo.com ...
lol
You are ALWAYS such the little concern troll.
No...what I mean it was diving fast..and there was a reversal.
I dont mean it is back to even...
my time frames are short..and for me this was quite a reversal
look at the V on the chart for today
Yep, big surprise. I'm poised to buy on sell offs.
You are ALWAYS such the little concern troll.
go back and read all my posts
I was right
Down over 800 earlier.
No fears, looks like the PPT is back in action. Thanks, .Gov.
At the moment, Merck, Pfizer and 3M are the only Dow in the green.
Change your tag to Chicken Little.
Goldman Sachs IS Deep State. They are trying to use this crisis to crash the economy, to keep President Trump from being re-elected.
Please. You are ALWAYS a concern troll.
No it not. What it looks like is the Moron Dramq Queen squad run our world now. No rationality, no serious analysis just drama queen hysteric by people too stupid to do any real analysis
Of course. It was the next plan to “get Trump.” Would not surprise me if Deep State / Demonrat Axis colluded with Chinese Communists to make it happen.
Change your tag to Chicken Little.
How is reporting facts being Chicken Little
btw, someone PM’ed about the APT mask stock I was alerting people too back in the 5 range..you could have gotten in really cheap..look at the price today.
Sadly, I sold way too soon.
Sanders: I am counting on it!
LOL - because even though I have a Trump sign - constantly fight libtards bashing Trump on my Facebook page, and defend Trump against actual never-Trumpers (actually have a friend who is one for religious reasons) - I’m a never-Trumper don’t you know - because my goose-step isn’t in unison.
The Deep State staged it perfectly. Getting it launched in China in December was brilliant. Could not have timed it better.
JK I think.
That might be true, but I wouldn't be so sure about it. . . Rat collusion with their blood brothers the Chicoms to disrupt the re-election of Trump. Maybe you ought to recall the banking liquidity crisis that suddenly precipitated as John McCain started to make a move on Obama in 2008.
NOTHING surprises me, including initiation of potential pandemic with help from the Chicoms . . . they hate Trump, too. The Rats and the Deep State are EVIL!!!!!!!!!!!!!!!
You and me both sweetie.
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