11 votes Strategists around Wall Street are suspending their forecasts Posted March 25, 2020 by skybrian Tags: coronaviruses.covid19, stock market, central bank, volatility, stimulus, usa, wall street, author.elena popina, paywall.soft https://www.bloomberg.com/news/articles/2020-03-24/another-11-swing-in-the-dow-average-shows-value-still-a-mystery 2 comments Collapse replies Expand all Comments sorted by most votes newest first order posted relevance OK envy March 25, 2020 Link Asmarth Damodaran has also been struggling to value this market. Asmarth Damodaran has also been struggling to value this market. 3 votes skybrian (OP) March 25, 2020 Link From the article: [...] From the article: Financial models are going dark as virus angst roils prices, shuts businesses and upends supply chains. It’s impossible to assess how the Federal Reserve’s unprecedented stimulus will affect U.S. corporates, or when. That process takes time. During the [previous] financial crisis, four months and a 40% S&P 500 rout were needed before a 2008 package of fiscal stimulus kicked in for stocks. Nobody knows if the playbook will repeat. [...] BMO Capital’s Brian Belski and Oppenheimer’s John Stoltzfus suspended their year-end S&P targets on Tuesday, saying they need more economic certainty and specific data on the virus’s hit on earnings to make recommendations. Canaccord Genuity’s Tony Dwyer did the same last week.