“An intensifying financial crisis in Spain or elsewhere in Europe has the potential to drive American stocks into a bear market, Goldman Sachs Group Inc.’s chief U.S. equity strategist said.
While David Kostin’s mid-year forecast for the Standard & Poor’s 500 Index calls for a 3.7 percent gain from last week’s close to 1,325, he said the measure may fall to 1,125 should the situation in Europe worsen. That would give the S&P 500 a more-than 20 percent loss since its 2012 closing peak of 1,419.04.”
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Didn’t you post this exact same thing yesterday?
http://ibankcoin.com/news/2012/06/04/goldman-sachs-sees-potential-sp-500-bear-market-on-europe/
oops