Citi says global earnings may fall 50% and stock prices could then drop by the same amount

Global corporate earnings per share could fall by 50% in 2020 due to the coronavirus pandemic, and stock prices have further to drop to reflect the likely profit decline, according to Citi's Robert Buckland.

Pro It doesn’t matter if your un-employed or 50% of small businesses close, stock market will still go up because government will pump it up with monopoly money.

Pro Buy buy buy

Pro Hope does not pay

Pro Hope it comes true.

Pro this is what everyone's saying but the market doesnt give a fuck lmao

Pro New all time highs soon then

Pro Thank you

Pro Trying everything to keep the panic going aren't we

Pro is pathetic

Pro Why picture of floor trader it’s all automatic now .?

Pro LOL

Pro

Pro I am unfollowing cnbc as asking paid subscription and posting on free twitter social networking.

Pro A trader who lost His Girlfriend

Pro Based on DCF, shouldn’t ALL the future cashflows need to drop by 50% in order for the NPV to drop by 50%?

Pro Fed is buying junk bond .market will be ATH

Pro

Pro oh no! no summer in the hamptons with muffy & biff this year! oh, darn it all to heck!!!

Pro Maybe. Or maybe the Fed will start buying stocks. Maybe the government will buy every 737-MAX Boeing has ever made taxi them all into giant pits and bury them. Who knows? Uncharted waters.

Pro But hey last week was great 🥴

Pro I actually can’t believe the stock market is up. Completely fraudulent trading

thelastnimby Pro This isn't great!!!

Pro I'm worried about the baby boomers cashing out to protect their retirements...

Pro I bet he is wrong

Pro Highly likely more than 50%

Pro SaveThePeople_NotWallStreet

Pro Why you guys keep posting pics like these! They are just market makers.

Pro Turd research alert

Pro With all the FED Money may also rise 50%....

Pro If that's an example of the quality of your stories, then subscriptions should be free or come with payments from CNBC.

Pro Not going to happen. The Fed will buy all the stonks.

Pro May and could. Sounds like a winning argument

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