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As recession fears rise, earnings estimates fall. If the 2.9x pace of cuts continues through year-end, the S&P 500 could see “no EPS growth next year” as 2023 consensus would fall to around $220, the strategists warned. Note: these are just projections; reality could be quite different.
@Rupiefied2020 I guess some people are. I tend to avoid cult stocks -- Tesla is one -- because they are so disconnected from fundamentals. The only car stock I'm recommending now is Ford $F, I think it has some real potential. It's up a little after an initial dip. But I've been wrong before.
@RealSeanBrodrick I am wondering if any really is looking at trying to short Tesla to death with it dropping over what he is doing, you think some people are gambling on making money that way?