Goldman Sach's recently issued a 93-page bullish outlook for the industry, with overweight ratings on technology, energy, and basic material stocks. Especially after the beating energy shares have taken over the past five weeks, the time may be right to buy. This link was provided by ZeroHedge.
The report highlights GS's investment process and ranking methodology.
Click Link for Full Report View: http://leverageacademy.com/blog/2010/06/03/ninety…
So if you actually want to make money, you should go short on all these? Afterall their "Top Trades" had a pretty good success record...
a great read before heading to an interview! thanks! silver banana for you sir!
From the folks that I have spoken with there is a widespread belief that there may be another major market retrenchment in late June before stocks stabilize. There are several billions of dollars in non-performing commercial real estate loans that are rolling over by the end of June and few institutions have shown enthusiasm for refinancing or writing these down on their books. How much this has already been priced into the market is hard to evaluate.
I bought in to the S&P heavily last year near as it started recovering from its lows (at about 770) and then sold off half of my position after 12 months (at about 1170) to bank a gain once I was safely in the long term hold tax window. My current strategy is to hold onto that half I have in the market and keep the rest in cash in hopes of riding another big dip. Not really qualified to argue with GS on this as I am by no means a trader, just a long term investor. But, I am not getting back in until late June / early July. This is just my 0.02, and it is likely worth just that much, but I have done pretty well by mixing dumb luck and conservative investment strategies.
Might be a heavy short term downside before we realize the long term upside that the GS report talks about.
BB Research Reports = contrarian trade ideas
Agreed. My favourite part of reading economic's blogs is whenever Stephen Roach says something ridiculously bullish on China that defies all basic economics, and whoever is writing tries to figure out what he was thinking.
Here's a hint, Krugman et al: look at what people get paid for, and you might be able to figure out why they're so optimistic all the time.
yum! anyone know where i can get more of these?
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