“….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.
Kostin on the sensitivity between GDP and EPS:”
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He was batting 1400 as early as a month ago. Now he’s contemplating mid 800?
that’s 40 move in a few weeks.
Cronkers, why is he even worth listening to?
Oops should read.. 40%
@j,
can’t tell you. information is there for you to use or ignore.i just try and post what seems interesting and informative…+ it’s GS