Zero Hedge have a piece up based on a note from Goldman's David Kostin. equity strategist.
Link here to the full piece.
Kostin says:
- while "margins have driven the majority of recent analyst cuts, estimates still appear too high"
Scenario forecasts:
- " If the EPS estimate moves to $225, halfway to the recession scenario of $200, a 14x P/E would bring the S&P 500 to 3150"
