Analyze This

(1) Neil Diamond’s song may be a good antidote. (2) Industry analysts tend to be too optimistic during good times. (3) They don’t see recession coming and turn too pessimistic as economy starts to recover. (4) Our Earnings Squiggles Framework shows it all. (5) Biggest downward earnings revisions occur during recessions. (6) Modeling earnings now using 2008-09 experience. (7) Lehman Moment: March 16 White House Guidelines set stage for shutting down the economy. (8) Focus on 2021. (9) Forward earnings just starting to take a dive. (10) Bad versus Ugly scenarios for S&P 500. Bad is the new Good. (11) B-52 money will pour into numerous industries. (12) A few industries are already booming as a result of GVC. (13) Joe’s daughter’s university has a vaccine for COVID-19.