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Goldman Lifts S&P Price Target, Sees 3,400 In 2020, Slashes EPS Outlook
There's good news and there's bad news in Goldman's revised outlook for US equities.
The good news
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If the US avoids recession and continues slow growth, and rates are cut 75 bp, then this forecast seems reasonable. “If”.
GS…. eye roll In January 2008, even with Paulson the racketeering grifter having his fat fists in all troughs, “Goldman says” prescience: “… projects the economy will recover as soon as 2009, making this downturn somewhat “recession-light.”