Markets Insider: Don't Count on Stocks Having Bottomed Out Yet - They Could Fall Another 25%, Goldman Sachs Warns

Article by George Glover in Markets Insider

Stocks haven't bottomed out yet, and investors are underestimating the risk of a deep recession, Goldman Sachs warned Tuesday.

The bank's strategists said that a severe economic downturn could see the benchmark S&P 500 index fall to 2,888 points, or 25% below its level as of Tuesday's closing bell.

"The broader case for US equities does not look very strong and the normal conditions for an equity trough are not clearly visible yet," a team led by Goldman's global head of foreign-exchange strategy, Kamakshya Trivedi, said in a research note.

Markets have fretted about a potential recession ever since .......

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