Yahoo Finance: "Wall Street analysts agree that stocks are headed lower"

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Yahoo Finance: "Wall Street analysts agree that stocks are headed lower"

Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:

…. “The ‘quality’ of corporate earnings is a widely discussed issue, but what happens when the ‘clarity’ of earnings takes center stage, as it certainly will in Q1 and Q2?” asked Nicholas Colas, co-founder of DataTrek Research in a note on Wednesday.

“Markets have grown accustomed to very little underlying earnings volatility (5-10%, outside of tax changes) in recent years, with no sudden downside surprises,” Colas added.

“A decade’s worth of assumptions about marginal profitability and cost structure flexibility is about to be harshly tested.”….

Read the full article here on Yahoo Finance!