Stock Predictions = A Fool's Errand, But Let's Try $SPY!
Channel: Stock Docta' Trading
Date: 2022-12-27

#goldmansachs #stockmarket2023 #stocks #shorts 
Over the next week, you'll see me sharing a lot of videos with different people, discussing what their 2023 outlooks and projections are. And I just want to clarify that the reason why I'm doing that isn't because I think you can project anything for 2023. That's a fool's errand. At the beginning of 2022, Goldman Sachs said that the S&P was going to 5000.
Goldman could get it wrong. Let's get into the numbers. The non recession scenario for 2023 puts us at 17 times multiple for the SPI, which would put us at about 350 on the spot. Scenario number two, we have a recession, but we don't have an earnings recession that would predict a possible multiple of somewhere around 15 times earnings, putting the SPI somewhere around 310 by year end scenario number three, we have a full on earnings recession.
This could go way worse if we traded at 13 times multiple on the SPI. That would mean we'd have to get to 265 on the spot. The way the math is looking is we're pulling back puts us at roughly a 12% decline, a 22% decline or a 31% decline in the SPI. Are people if you start.
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