I'll have some prognostications next week.
From the Telegraph:
Wall Street faces the growing risk of an equities bloodbath in coming months as the credit crunch spreads to the wider economy and earnings crumble, according to a pair of grim reports issued by Goldman Sachs and Wells Fargo.
David Kostin, the chief US investment guru for Goldman Sachs, expects the S&P 500 index of Wall Street equities to plummet a further 15pc over the "near term" as companies scramble to lower their outlook for this year....MORE
HT: DealBreaker who writes:
Forgive me, but I have a hard time paying attention to the likes of Wells Fargo when it comes to market advice. (Then again, Goldman doesn't thrill me either, so maybe I'm the problem)....MORE
