Analyst observations at an index of 12,400 in Dec 2019 that earnings would be 767 a share (up from 450) and a forecast index value of 13,400 at 17.5 x the forward (one standard deviation away from the historic mean)
roughly six months later the analytical question is not whether earnings will increase this calendar year but how much lower and for how long after the complete suspension of aggregate demand.
off the cuff thinking 10-30% lower or index earnings of 300-400 at a multiple of even 20 gives a range of 6000-8000, unbiased, unfiltered.
roughly six months later the analytical question is not whether earnings will increase this calendar year but how much lower and for how long after the complete suspension of aggregate demand.
off the cuff thinking 10-30% lower or index earnings of 300-400 at a multiple of even 20 gives a range of 6000-8000, unbiased, unfiltered.
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