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Goldman Sachs call Sunday night

GS had a call with 1,500 of their clients Sunday night. They said earnings for 2020 will be down 15 to 20%.

Most stocks are priced based on earnings growth. Some dividends, but all the high flyers have high PE ratios because of the expectation that they've built enormously scalable businesses that grow profits at a higher clip than expenses.

The question you are asking might be, "What's the floor in a negative earnings growth environment".

I don't know, but if you start hearing people say "book value"......game over

(In response to this post by HokieSignGuy)

Posted: 03/17/2020 at 1:28PM

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Current Thread:

I'm not so sure the stock market is going to "pop-off" in the near future.. -- HokieSignGuy 03/17/2020 12:11PM

HSG, put a marker down on ave PE of 11 to be the bottom..., and another @15 -- ColoVT82 03/17/2020 2:21PM

Goldman Sachs call Sunday night -- MrBayAreaHokie 03/17/2020 1:28PM

It will be two things, 1) curb flattening, and 2) people getting used to it -- WestyHokie 03/17/2020 1:20PM

Curve flattening? ** -- PhotoHokieNC 03/17/2020 1:32PM

Of the virus ** -- myershokie 03/17/2020 1:55PM

Yeah, I know. But not "curb" flattening. ** -- PhotoHokieNC 03/17/2020 2:11PM

Maybe his enthusiasm? ** -- `lag 03/17/2020 1:54PM

ADA requirement ** -- WestyHokie 03/17/2020 2:01PM

Depends on what your expectations are -- Hokie Chris 03/17/2020 12:51PM

It's probably too soon -- lchoro 03/17/2020 12:45PM

Not for the faint of heart. ** -- HokieSignGuy 03/17/2020 12:47PM

Or short of stack. ** -- HokieSignGuy 03/17/2020 12:48PM

Well, yeah, that's the big question for stocks. -- `lag 03/17/2020 12:34PM

Intersting. Yes, if we knew THIS was the bottom, there would -- HokieSignGuy 03/17/2020 12:37PM

I think there's a lot of money out there that wants to get back in -- `lag 03/17/2020 12:44PM

Flattening the curve is a net positive, but a minus is that the economic -- RoswellGAHokie 03/17/2020 12:30PM

We are cetainly living through a new chapter in History books, but also -- HokieSignGuy 03/17/2020 12:33PM

The last point is kinda amazing -- `lag 03/17/2020 12:39PM

The market will only turn back up when business is normal-ish -- HokieAl 03/17/2020 12:21PM

Kind of how I see. I think the first big city to have a dramatic -- HokieSignGuy 03/17/2020 12:25PM

Nobody knows because no one can predict psychology of the masses:) ** -- Rodman6565 03/17/2020 12:14PM

Generally, it ain't good ** -- TomTurkey 03/17/2020 1:35PM