DISQUS

chindit13 · 5 months ago

If I had a billion dollars for every time Abby Joseph Cohen has been right in her career, I'd still have less than a Bernie Madoff, balls-to-the-wall, all-in investor.

Kaiser Soze · 5 months ago

Has Abbey Joseph Cohen ever made anything close to a bearish call?

kimiraikkonen · 5 months ago

I have to say I totally disagree with the conclusion. The peak EPS for the SPX was $85 in 6/07, since on the 'pre-provision and pre-write-down basis' ..whatever that means is back to that level, we should be targeting 1500 SPX .. give or take a few pts.. I think goldman is being too conservative here ... hurry lets go bulltards !

morph366 · 5 months ago

Goldman have been warehousing all that inventory for happier days for the little guys

deadhead · 5 months ago

Very well spoken.

Caveat Emptor.

Groty · 5 months ago

Michael Aronstein, who allegedly predicted the 1987 crash, the housing bubble, and the commodity bubble and bust, and with such a perfect crystal ball somehow finds himself spending his days working at Oscar Gruss rather than lounging around on a tropical island sipping fruity cocktails with little umbrellas in them , is now predicting a "powerful, V-shaped recovery".

Video at Bloomberg.

chindit13 · 5 months ago

Did he make these predictions BEFORE they happened or after? Remember what Yogi Berra, inter alia, said: "Predictions are difficult, especially about the future."

Amazed_and_Confused · 5 months ago

On the other hand, GS may just be telegraphing that they intend to push this pile of shit all the way over 1000 on the S&P. They got it this far, why doubt them now?

Nada · 5 months ago

That's what I'm afraid of. A lot of people were just as sure Goldman would be short once all the banks had completed their secondary offerings and paid off tarp.

They're making a killing with what they're doing right now, they're driving oil prices up with impunity, they've convinced Gasparino that they're trading is mostly agency even when a single peek at the PT reports TD has every week show that's complete and utter bullshit, they're getting their bonuses regardless and even if they do ever get busted for any shenanigans the max fine is likely what they make in about five minutes. Why would they stop?

LostTreasure · 5 months ago

I LIKE this site a lot, the question I want to ask other readers "HAS IT HELPED YOU TO PROFIT?"

Amazed_and_Confused · 5 months ago

Absolutely.

X · 5 months ago

Profit by doing the opposite.

Rajesh · 5 months ago

Does it even matter ? Do we think any economic number would have any effect on our life. Is our life a measured quantity? what is the co-relations between economic numbers and life's growth ? before we even begin to think about economy or Goldman etc, we need to know if there is any corelation between our life progress and economic development. if you have time, please read the blog http://karmaeconomics.blogspot.com/ to find answer based on facts not assumptions. i dont promote websites etc, but it is necessary at these times to go to the core and know the TRUTH.

Mike · 5 months ago

I buy the idea that I will be buying GS inventory on the way up to 1060 or whatever their moving target is. Doesn't matter to me, in fact the idea they have inventory to sell means they will be disinclined to pull the rug out from under the market until they have sold their "inventory".

If your theory is correct, and they don't continue to move the target up, then a trader should sell in the 1030 to 1050 range and follow their next cue.

They lead, we follow. What's the problem?

G@scopelabs.net · 5 months ago

1060 area is the simple fib 61.8% retracment on the weekly from top (the last high) to bottom ... they are sooo smart ...
that Max guys and video is the real deal thanks for posting that made my AM !!!

yoyodyne · 2 months ago

Boy, a 1060 SP call....and we went right to 1060!

$75 is the market estimate street-wide for 2010, btw. I'll bet you any amount you want we finish within 10% of that 'patently absurd' number for next year.