from King World News
Today Peter Boockvar sent King World News a powerful piece about the continued trouble in Europe and Art Cashin noted the critical level to watch on the S&P.
Peter Boockvar: While the markets called a do over on the year last week with the S&P 500 in particular getting back all of what it lost, the same can’t be said for US corporate earnings and GDP growth. Expectations for both are both lower than they were on December 31st. In early January, the estimate for S&P 500 earnings in Q1 was expected to be flat y/o/y and up 2.5% y/o/y ex energy…