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<blockquote data-quote="Wally" data-source="post: 4405824" data-attributes="member: 46212">Forecasts for Dow and S&amp;P 500 &#039;lows&#039;It’s the job of top strategists at Wall Street firms to crunch numbers related to economic growth and corporate earnings and predict how bad bear markets will get. And recent market calls from stock gurus suggest more losses are coming. This past Friday, Goldman Sachs said it expected a mid-year low of 2,000 for the S&amp;P 500, which equates to a further 21% drop from Tuesday’s close of 2,529 — and a total bear market decline of 41% from the Feb. 19 record close of 3,386.15. (Don’t panic, though. The firm sees the broad market gauge rebounding and ending the year at 3,200.)Similarly, Credit Suisse’s worst-case scenario is a 20% drop in U.S. corporate earnings which would drive the S&amp;P 500 down to 2,200, a decline of 13% from Tuesday’s close. </blockquote>

[QUOTE="Wally, post: 4405824, member: 46212"] [B][I][SIZE=3]Forecasts for Dow and S&P 500 'lows'[/SIZE][/I][/B] [I][SIZE=3]It’s the job of top strategists at Wall Street firms to crunch numbers related to economic growth and corporate earnings and predict how bad bear markets will get. And recent market calls from stock gurus suggest more losses are coming. This past Friday, Goldman Sachs said it expected a mid-year low of 2,000 for the S&P 500, which equates to a further 21% drop from Tuesday’s close of 2,529 — and a total bear market decline of 41% from the Feb. 19 record close of 3,386.15. (Don’t panic, though. The firm sees the broad market gauge rebounding and ending the year at 3,200.) Similarly, Credit Suisse’s worst-case scenario is a 20% drop in U.S. corporate earnings which would drive the S&P 500 down to 2,200, a decline of 13% from Tuesday’s close. [/SIZE][/I] [/QUOTE]

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