tag:blogger.com,1999:blog-1491578955987674499.post2432054016695391011..comments2024-03-06T22:06:19.487-08:00Comments on SUSPACK: Red Sky At Morn - Be Forewarned!Sean Thibodeauhttp://www.blogger.com/profile/13950197155271485037noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1491578955987674499.post-25312707527601326572011-08-20T09:31:53.114-07:002011-08-20T09:31:53.114-07:00Anonymous at 8:58 - In his weekly chart packet, Go...Anonymous at 8:58 - In his weekly chart packet, Goldman's high frequency strategist, David Kostin, who now changes his year end S&P targets almost as frequently as the firm's economic team changes its GDP forecast, once again gets decidedly fatalistic (very much like Citigroup did yesterday, and Morgan Stanley last week), and is now openly contemplating downside cases to his EPS forecast. And with 2012 EPS numbers thrown around like $91 based on what is certainly an upcoming (but for now still hypothetical) margin contraction, $82 based on a 2% drop (almost guaranteed) in GDP Y/Y, and $75 based on historical earnings plunges in a recession, it may be time to listen up, because apply a traditional contractionary multiple of about 9-10x, and you have yourself a tidy little range of 700 - 910 on the S&P in about a year, absent yet another round of fiscal and/or monetary stimulus.<br /><br />So the answer to staying in the market depends on whether you like to bet red or black on roulette (or choose to take your money off the table, where you know you cannot lose it based on the spin of the wheel).Sean Thibodeauhttps://www.blogger.com/profile/13950197155271485037noreply@blogger.comtag:blogger.com,1999:blog-1491578955987674499.post-6348002475356451602011-08-20T09:00:14.778-07:002011-08-20T09:00:14.778-07:00To Carol: Yes and the only way to do that is to dr...To Carol: Yes and the only way to do that is to drive us into a depression. Remake America from the bottom up by tossing us all on the streets. Of course the top (the Rich) will stay comfy in their tax subsudized private jets.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1491578955987674499.post-71011081066304687212011-08-20T08:58:02.628-07:002011-08-20T08:58:02.628-07:00What do you suggest if money is tied up in the mar...What do you suggest if money is tied up in the market?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1491578955987674499.post-12680876925724126172011-08-19T04:00:43.641-07:002011-08-19T04:00:43.641-07:00Don't worry. Michelle Bachman is going to lowe...Don't worry. Michelle Bachman is going to lower gas prices to $2.00 a gallon.carol walshhttps://www.blogger.com/profile/15131772427293664477noreply@blogger.comtag:blogger.com,1999:blog-1491578955987674499.post-2087741615814596872011-08-18T09:17:26.504-07:002011-08-18T09:17:26.504-07:00Scary. So buy gold huh?Scary. So buy gold huh?Anonymousnoreply@blogger.com