Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Loading...
Most Recent Stories

GOLDMAN: 3 REASONS THE S&P 500 WILL DECLINE TO 1,250

David Kostin, Goldman’s Chief US Equity Strategy has been pretty bullish in recent years and despite some bumps in the road he’s been right.  But the strategist is singing a bit of a different tune these days.  He’s growing increasingly concerned about some negative trends that could send the S&P 500 below 1,250 (via Business Insider):

“Kostin said there were three main reasons for his call:

  1. The U.S. economy is stagnating, growing below trend.
  2. In a weak economic growth environment, markets historically have a flat multiple
  3. 2012 is expected to see earnings growth of only 3 percent.”

The risk is likely skewed to the downside here as well. Since profits have been largely driven by the budget deficit in recent years and the risk of spending cuts looms we could very well see austerity lead to substantial profit declines.

See the full Kostin interview here:

Source: Bloomberg

 

Comments are closed.