How Much Further Can Markets Fall? Here Is One Bank's Answer | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

How Much Further Can Markets Fall? Here Is One Bank's Answer

On Friday, March 6, Goldman's chief US equity strategist, David Kostin, who bizarrely still holds held the view that the S&P will close the year at 3,200, despite now expecting an earnings recession, and Gldman economists calling for an economic recession in Q2 and a -5% GDP crash in Q2, laid out a binomial "downside case" scenario (i.e., a coin toss because as he admitted, he has no idea if the S&P would go up or go down) that saw the S&P plunging from the mid-2,900 level (where it was trading then) to 2,450 in a "coronavirus recession" case.

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