David Kostin, Goldman’s Chief US Equity Strategy has been pretty bullish in recent years and despite some bumps in the road he’s been right. But the strategist is singing a bit of a different tune these days. He’s growing increasingly concerned about some negative trends that could send the S&P 500 below 1,250 (via Business Insider):
“Kostin said there were three main reasons for his call:
The risk is likely skewed to the downside here as well. Since profits have been largely driven by the budget deficit in recent years and the risk of spending cuts looms we could very well see austerity lead to substantial profit declines.
See the full Kostin interview here:
Source: Bloomberg
/* ').html("http://api.nrelate.com/rcw_wp/0.50.6/?tag=nrelate_related&keywords=GOLDMAN%3A+3+REASONS+THE+S%26%23038%3BP+500+WILL+DECLINE+TO+1%2C250&domain=pragcap.com&url=http%3A%2F%2Fpragcap.com%2Fgoldman-3-reasons-the-sp-will-decline-to-1250&nr_div_number=1").text(); nRelate.getNrelatePosts(entity_decoded_nr_url); /* ]]> */ Disclosures - Unless otherwise noted, authors have no positions in any securities mentioned and readers should never consider this to be investment advice. Always consult your financial advisor before acting on any ideas. Comments Guideline - Readers who denigrate authors or other readers will be banned without warning. This site does not tolerate any sort of reader abuse. The goal of this site is to create an environment that is conducive to learning and better understanding of the monetary system and the investment world. We expect readers to behave maturely and responsibly. We welcome and encourage intense and intelligent discourse, but the site adheres to a strict 1 strike policy. While it is your right to speak freely, it is not your right to behave childishly. Above all else, please enjoy the site. It is intended to be used as an educational tool and we hope the intelligent and mature debate will further that purpose. We hope readers will make an effort to respect that goal. Comments with excessive linking or foul language will be moderated before posting. Comments MikeToo
Cullen, Would you say that anything under a 1 Trillion dollar deficit is austerity?
Reply 03/12/2012 at 1:02 PM LRMGood interview with good pointed questions. Thanks for posting. After reading the the Carmen Reinhart financial repression piece and listening to Kostin what is an investor to do as we get negative real returns on fixed income as a hidden tax and then the good chance for capital depreciation from Equity from here to the end of the year. VII`s SDS may be the place after all!!!!
Reply 03/12/2012 at 1:26 PM Leave a Comment Name Mail (will not be published) Website Click here to cancel reply. Twitter Updates new TWTR.Widget({ version: 2, type: 'profile', rpp: 1, interval: 6000, width: 'auto', height: 300, theme: { shell: { background: '#c3c4c7', color: '#000000' }, tweets: { background: '#ababab', color: '#000000', links: '#3507eb' } }, features: { scrollbar: false, loop: false, live: false, hashtags: true, timestamp: true, avatars: false, behavior: 'all' } }).render().setUser('pragcapitalist').start(); Register for PC LOG-IN TO PC var sc_project=5036143; var sc_invisible=1; var sc_partition=57; var sc_click_stat=1; var sc_security="5e6f901b"; var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-7117180-1']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })(); var ord = Math.random() * 10000000000000000 Featured On icBeacon('pragcap');© 2009 pragcap.com · Register for PC
Home · Advertise · Contact us · Disclaimer ·
Source: Bloomberg
Cullen, Would you say that anything under a 1 Trillion dollar deficit is austerity?
Good interview with good pointed questions. Thanks for posting. After reading the the Carmen Reinhart financial repression piece and listening to Kostin what is an investor to do as we get negative real returns on fixed income as a hidden tax and then the good chance for capital depreciation from Equity from here to the end of the year. VII`s SDS may be the place after all!!!!
© 2009 pragcap.com · Register for PC
David Kostin, Goldman’s Chief US Equity Strategy has been pretty bullish in recent years and despite some bumps in the road he’s been right. But the strategist is singing a bit of a different tune these days. He’s growing increasingly concerned about some negative trends that could send the S&P 500 below 1,250 (via Business Insider):
“Kostin said there were three main reasons for his call:
The risk is likely skewed to the downside here as well. Since profits have been largely driven by the budget deficit in recent years and the risk of spending cuts looms we could very well see austerity lead to substantial profit declines.
See the full Kostin interview here:
Source: Bloomberg
/* ').html("http://api.nrelate.com/rcw_wp/0.50.6/?tag=nrelate_related&keywords=GOLDMAN%3A+3+REASONS+THE+S%26%23038%3BP+500+WILL+DECLINE+TO+1%2C250&domain=pragcap.com&url=http%3A%2F%2Fpragcap.com%2Fgoldman-3-reasons-the-sp-will-decline-to-1250&nr_div_number=1").text(); nRelate.getNrelatePosts(entity_decoded_nr_url); /* ]]> */ Disclosures - Unless otherwise noted, authors have no positions in any securities mentioned and readers should never consider this to be investment advice. Always consult your financial advisor before acting on any ideas. Comments Guideline - Readers who denigrate authors or other readers will be banned without warning. This site does not tolerate any sort of reader abuse. The goal of this site is to create an environment that is conducive to learning and better understanding of the monetary system and the investment world. We expect readers to behave maturely and responsibly. We welcome and encourage intense and intelligent discourse, but the site adheres to a strict 1 strike policy. While it is your right to speak freely, it is not your right to behave childishly. Above all else, please enjoy the site. It is intended to be used as an educational tool and we hope the intelligent and mature debate will further that purpose. We hope readers will make an effort to respect that goal. Comments with excessive linking or foul language will be moderated before posting. Comments MikeToo
Cullen, Would you say that anything under a 1 Trillion dollar deficit is austerity?
Reply 03/12/2012 at 1:02 PM LRMGood interview with good pointed questions. Thanks for posting. After reading the the Carmen Reinhart financial repression piece and listening to Kostin what is an investor to do as we get negative real returns on fixed income as a hidden tax and then the good chance for capital depreciation from Equity from here to the end of the year. VII`s SDS may be the place after all!!!!
Reply 03/12/2012 at 1:26 PM Leave a Comment Name Mail (will not be published) Website Click here to cancel reply. Twitter Updates new TWTR.Widget({ version: 2, type: 'profile', rpp: 1, interval: 6000, width: 'auto', height: 300, theme: { shell: { background: '#c3c4c7', color: '#000000' }, tweets: { background: '#ababab', color: '#000000', links: '#3507eb' } }, features: { scrollbar: false, loop: false, live: false, hashtags: true, timestamp: true, avatars: false, behavior: 'all' } }).render().setUser('pragcapitalist').start(); Register for PC LOG-IN TO PC var sc_project=5036143; var sc_invisible=1; var sc_partition=57; var sc_click_stat=1; var sc_security="5e6f901b"; var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-7117180-1']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })(); var ord = Math.random() * 10000000000000000 Featured On icBeacon('pragcap');© 2009 pragcap.com · Register for PC
Home · Advertise · Contact us · Disclaimer ·
Source: Bloomberg
Cullen, Would you say that anything under a 1 Trillion dollar deficit is austerity?
Good interview with good pointed questions. Thanks for posting. After reading the the Carmen Reinhart financial repression piece and listening to Kostin what is an investor to do as we get negative real returns on fixed income as a hidden tax and then the good chance for capital depreciation from Equity from here to the end of the year. VII`s SDS may be the place after all!!!!
© 2009 pragcap.com · Register for PC
David Kostin, Goldman’s Chief US Equity Strategy has been pretty bullish in recent years and despite some bumps in the road he’s been right. But the strategist is singing a bit of a different tune these days. He’s growing increasingly concerned about some negative trends that could send the S&P 500 below 1,250 (via Business Insider):
“Kostin said there were three main reasons for his call:
The risk is likely skewed to the downside here as well. Since profits have been largely driven by the budget deficit in recent years and the risk of spending cuts looms we could very well see austerity lead to substantial profit declines.
See the full Kostin interview here:
Source: Bloomberg
/* ').html("http://api.nrelate.com/rcw_wp/0.50.6/?tag=nrelate_related&keywords=GOLDMAN%3A+3+REASONS+THE+S%26%23038%3BP+500+WILL+DECLINE+TO+1%2C250&domain=pragcap.com&url=http%3A%2F%2Fpragcap.com%2Fgoldman-3-reasons-the-sp-will-decline-to-1250&nr_div_number=1").text(); nRelate.getNrelatePosts(entity_decoded_nr_url); /* ]]> */ Disclosures - Unless otherwise noted, authors have no positions in any securities mentioned and readers should never consider this to be investment advice. Always consult your financial advisor before acting on any ideas. Comments Guideline - Readers who denigrate authors or other readers will be banned without warning. This site does not tolerate any sort of reader abuse. The goal of this site is to create an environment that is conducive to learning and better understanding of the monetary system and the investment world. We expect readers to behave maturely and responsibly. We welcome and encourage intense and intelligent discourse, but the site adheres to a strict 1 strike policy. While it is your right to speak freely, it is not your right to behave childishly. Above all else, please enjoy the site. It is intended to be used as an educational tool and we hope the intelligent and mature debate will further that purpose. We hope readers will make an effort to respect that goal. Comments with excessive linking or foul language will be moderated before posting. Comments MikeToo
Cullen, Would you say that anything under a 1 Trillion dollar deficit is austerity?
Reply 03/12/2012 at 1:02 PM LRMGood interview with good pointed questions. Thanks for posting. After reading the the Carmen Reinhart financial repression piece and listening to Kostin what is an investor to do as we get negative real returns on fixed income as a hidden tax and then the good chance for capital depreciation from Equity from here to the end of the year. VII`s SDS may be the place after all!!!!
Reply 03/12/2012 at 1:26 PM Leave a Comment Name Mail (will not be published) Website Click here to cancel reply. Twitter Updates new TWTR.Widget({ version: 2, type: 'profile', rpp: 1, interval: 6000, width: 'auto', height: 300, theme: { shell: { background: '#c3c4c7', color: '#000000' }, tweets: { background: '#ababab', color: '#000000', links: '#3507eb' } }, features: { scrollbar: false, loop: false, live: false, hashtags: true, timestamp: true, avatars: false, behavior: 'all' } }).render().setUser('pragcapitalist').start(); Register for PC LOG-IN TO PC var sc_project=5036143; var sc_invisible=1; var sc_partition=57; var sc_click_stat=1; var sc_security="5e6f901b"; var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-7117180-1']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })(); var ord = Math.random() * 10000000000000000 Featured On icBeacon('pragcap');© 2009 pragcap.com · Register for PC
Home · Advertise · Contact us · Disclaimer ·
Source: Bloomberg
Cullen, Would you say that anything under a 1 Trillion dollar deficit is austerity?
Good interview with good pointed questions. Thanks for posting. After reading the the Carmen Reinhart financial repression piece and listening to Kostin what is an investor to do as we get negative real returns on fixed income as a hidden tax and then the good chance for capital depreciation from Equity from here to the end of the year. VII`s SDS may be the place after all!!!!
© 2009 pragcap.com · Register for PC
David Kostin, Goldman’s Chief US Equity Strategy has been pretty bullish in recent years and despite some bumps in the road he’s been right. But the strategist is singing a bit of a different tune these days. He’s growing increasingly concerned about some negative trends that could send the S&P 500 below 1,250 (via Business Insider):
“Kostin said there were three main reasons for his call:
The risk is likely skewed to the downside here as well. Since profits have been largely driven by the budget deficit in recent years and the risk of spending cuts looms we could very well see austerity lead to substantial profit declines.
See the full Kostin interview here:
Source: Bloomberg
/* ').html("http://api.nrelate.com/rcw_wp/0.50.6/?tag=nrelate_related&keywords=GOLDMAN%3A+3+REASONS+THE+S%26%23038%3BP+500+WILL+DECLINE+TO+1%2C250&domain=pragcap.com&url=http%3A%2F%2Fpragcap.com%2Fgoldman-3-reasons-the-sp-will-decline-to-1250&nr_div_number=1").text(); nRelate.getNrelatePosts(entity_decoded_nr_url); /* ]]> */ Disclosures - Unless otherwise noted, authors have no positions in any securities mentioned and readers should never consider this to be investment advice. Always consult your financial advisor before acting on any ideas. Comments Guideline - Readers who denigrate authors or other readers will be banned without warning. This site does not tolerate any sort of reader abuse. The goal of this site is to create an environment that is conducive to learning and better understanding of the monetary system and the investment world. We expect readers to behave maturely and responsibly. We welcome and encourage intense and intelligent discourse, but the site adheres to a strict 1 strike policy. While it is your right to speak freely, it is not your right to behave childishly. Above all else, please enjoy the site. It is intended to be used as an educational tool and we hope the intelligent and mature debate will further that purpose. We hope readers will make an effort to respect that goal. Comments with excessive linking or foul language will be moderated before posting. Comments MikeToo
Cullen, Would you say that anything under a 1 Trillion dollar deficit is austerity?
Reply 03/12/2012 at 1:02 PM LRMGood interview with good pointed questions. Thanks for posting. After reading the the Carmen Reinhart financial repression piece and listening to Kostin what is an investor to do as we get negative real returns on fixed income as a hidden tax and then the good chance for capital depreciation from Equity from here to the end of the year. VII`s SDS may be the place after all!!!!
Reply 03/12/2012 at 1:26 PM Leave a Comment Name Mail (will not be published) Website Click here to cancel reply. Twitter Updates new TWTR.Widget({ version: 2, type: 'profile', rpp: 1, interval: 6000, width: 'auto', height: 300, theme: { shell: { background: '#c3c4c7', color: '#000000' }, tweets: { background: '#ababab', color: '#000000', links: '#3507eb' } }, features: { scrollbar: false, loop: false, live: false, hashtags: true, timestamp: true, avatars: false, behavior: 'all' } }).render().setUser('pragcapitalist').start(); Register for PC LOG-IN TO PC var sc_project=5036143; var sc_invisible=1; var sc_partition=57; var sc_click_stat=1; var sc_security="5e6f901b"; var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-7117180-1']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })(); var ord = Math.random() * 10000000000000000 Featured On icBeacon('pragcap');© 2009 pragcap.com · Register for PC
Home · Advertise · Contact us · Disclaimer ·
Source: Bloomberg
Cullen, Would you say that anything under a 1 Trillion dollar deficit is austerity?
Good interview with good pointed questions. Thanks for posting. After reading the the Carmen Reinhart financial repression piece and listening to Kostin what is an investor to do as we get negative real returns on fixed income as a hidden tax and then the good chance for capital depreciation from Equity from here to the end of the year. VII`s SDS may be the place after all!!!!
© 2009 pragcap.com · Register for PC
Read Full Article »