Goldman Turns Downright Gloomy, Warns Market “Despair” Is Coming, Prepare For A Major Drawdown
by Tyler Durden
ZeroHedge.com
Jun 8, 2016
As Goldman warns in a note overnight, “Large equity drawdowns often mark the end of an equity cycle and tend to coincide with a recession or financial market/geopolitical shock or a combination, which tend to result in a sharp equity correction driven by a decline in both earnings and valuations.” As it turns out, Goldman thinks precisely such a “drawdown” is coming…
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