David Kostin, Goldman's top U.S. equity strategist, wrote that the historic fall in interest rates is unlikely to prevent a "collapse" in second- and third-quarter profits.
Goldman's forecast for weaker 2020 earnings hinges on lower oil prices and interest rates that "diminish Energy and Financial company profits."Goldman Sachs's top U.S. stock strategist said Wednesday that the longest bull market in American history will meet its demise soon with equities seeing significant losses beyond what they've already suffered over the last three weeks.
Lies, we've barely even gotten started yet. It depends on how far they are willing to go with the economic transformation or whether they will crash the markets as previously.
gtconway3d Globalists are gonna globalist. 🤷♂️
gtconway3d Analystist say different
gtconway3d I know it's from the Corona virus right now but why does the stock market seem to always crash when the republicans are in office?
gtconway3d I think we could all predict that at this stage. The entire global economy has been disrupted so duh
gtconway3d This market crash is a reminder that if you don’t; travel, shop, invest, eat out, drive your car, stay at hotels, use your credit cards, and a million other things, then this economy is NOTHING!! THIS GOVERNMENT WORKS FOR YOU and without YOU, they’re NOTHING! Don’t forget that!
gtconway3d That will erase Trumps entire presidency from the markets. Now we have to erase his presidency.
gtconway3d 'Soon' like by tomorrow.🐻🐻🐻
gtconway3d I figured Dow 19000 this afternoon.
x 2
gtconway3d That will happen TOMORROW - President Trump is addressing the nation tonight so panic will ensue.
thx
So either be VERY SCARED. Or be WILDLY BULLISH.
WTF is wrong with Goldman? Didn't they learn their lesson by calling for $200 Oil years ago?
We’ll see.
It was only a month ago that they said our economy was (checks notes) “recession-proof”.
Going to get worse before it gets better
19.5%
Brilliant timing, my 3rd grader just made the same conclusion
Congratulations, Trump. You made history.
Always late to acknowledge. Bond markets signaling this since months
of course they say that, they want everyone to sell while they are slowing buying into the current drop.
Bullish
I think the bull has already been slaughtered.