This post was originally published on TKer.co Stocks fell last week, with the S&P 500 declining 3.4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The index is now up 9.9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from its October 12 closing low of 3,577.03 and down 17.9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from its January 3 closing high of 4,796.56. Last week I published a roundup of Wall Street forecasters’ outlook for stocks in 2023. In a nutshell, they were unusually bearish with more than half of them predicting the S&P 500 to close 2023 lower on the year. One commonly cited risk was the expectation that estimates for earnings would be revised down further from current levels. (Yahoo Finance’s Myles Udland had a good discussion about this…