GOLDMAN: Stocks Will Tank Another 8% In The Final Weeks Of The Yr
A year ago, Goldman Sachs’ David Kostin said the S&P 500 would end 2012 at 1,250.
And he’s sticking to that call.
This implies stocks fall 8 percent from here.
“Uncertainty swirling around the ‘fiscal cliff’ that must be resolved by year-end, the pending jump in capital gains taxes at the start of 2013, and the debt ceiling that will be reached in late February represent clear and present downside risks to the market in the near-term,” writes Kostin in his US Weekly Kickstart note.