Goldman Goes For Broke, Raises 2011 S&P Target To 1,500
And the other “other” side to that trade that maintained its value better than side is, of course, PMs. Because what we are talking about in recent years with the indexes (in the main) is not increasing overall corporate strength, but a dollar hedge.
they would if QE III and IV are to happen…..they have the inside scoop….with all that printed cash and people bailing out of bonds..where does it ….I am on of the 5% ers that is investing in PM´s instead….
IV sounds about right. drip, drip, drip comes the liquidity, unfortunately the patient is in a coma, and unlikely to survive.
And gold is monkey hammered’ on the news …
me too, of the fools invested in the hard stuff…..
the utter hysteria of the mainstream media over the past couple of days about ” is the time to buy stocks” has been stunning…
if ever a hand was revealed this is it….
it is beginning to dawn on the big boys that the peasantry ain’t comin’ back….
and…they be stuck holding the bag.
Don’t lose faith! in Mish’s Global EconomicTrend Analysis
If Italy were to into a nominal GDP recession on account of its austerity programs, its debt-to-GDP ratio would be 130% by 2012. It’s difficult to see how the market would ignore that.
check out Italy’s debt compared to Germany. Here is the official EU Gross Government Debt Figures by country. Note that as of 2009, Italy’s Debt is 1.763 Trillion EUR, about the same as Germany. Obviously the German economy is far bigger.
Moreover, I assure you that Italy has a lot of off-balance sheet debt. Some European countries took some very creative measures to reduce interest payments on debt. Italy was of those countries.
I have seen Italy do HUGE (10+ billion USD) derivative transactions. Those transactions were all off-balance sheet but the cash flows behind the transactions were very real.
Italy was the number 1 customer for big investment banks in London for years. You won’t find about that in the press.
In 2011, Italy will need to rollover a pile of debt. It will be interesting to see how that goes. I believe that if the 10-year yield hits 6%, an irreversible snowball effect similar to what Greece and Ireland through is .
That’s when gold hits $2000
You can read the full analysis here,
I pick up some silver wheaton at $ 20-25 … Lol’
Or I’ll buying tech & financials … ? Nasty head and shoulders at the top of that gold chart. Turd the chart man will not gold at 1350 new lows, ugly 4 month chart …
you believe the painted chart? the chart dictated by JPM’s activities? I don’t. Not selling here. whoops……they didn’t their jobs “expectations”
wonder how peasants cramer moved into the stock market for slaughter?
Dang, no dips to buy on that chart. Better buy , I guess.
I believe you are being a little unfair with of our company’s best equity analysts. Compare David’s S&P EOY 2010 prediction and please admit that he had of the most accurate predictions of all analysts in the industry. We would to state publicly on this forum that GS resents the implication that we trade against the clients we work hard to serve in an advisory fashion. This is simply not true if you analyze our client recommendations against our trade book.
behind us, Satan!
your clearly an insider, once we convert you to the “good side”. We will be expecting all the juicey insider info. For the common good of humanity of course.
Please hang a ….. this shouldn’t take long at all.
I work for the “good side.” Why would I want to convert?
First of all, Goldman employees have been banned (by GS) from posting here, no believes you.
Secondly, the fine print at the bottom of the GSCI prospectus specifically states that Goldman’s proprietary traders be in communication with those at bastards at the GSCI, and traders place positions that run opposite to the recommendations given to GSCI clients.
This is new lingo adopted after that pesky little CDO raping. back to your basement.
Dear Mr. Red Neck,
1.) GS employees have not been banned from reading and posting on financial news sites and blogs. Only our internal E-Mails and communications have to comply with the newly-revised company communication rules. Some of our personnel regular replies on ZH message boards and read the articles regularly to themselves informed of the latest hedge perspectives–except of course the GSCI articles that ZH posts, which we thoroughly.
2.) We are prohibited by federal law to have a sizeable proprietary trading group. The positions our small trading division take against clients is purely fortuitous and not directed against any GSCI recommendations by calculation.
double and triple long large cap stocks on margin accounts! Silver is topping! Silver is topping! Sell your silver and buy stocks before it is too late! Remember you heard it from the troll first.
Hahaha, heard it from the troll first
I they mean a 14% growth in financial toxic instruments to hide the crap.
Headline from Ran Squawk: 01-07 08:04: Best Buy (BBY) – Co. report December same stores sales were down 4%; reaffirm forecast for FY EPS USD 3.20 – 3.40 The xmas miracle of consumer spending keeps giving.
Agreed. The S&P @ 1500 is plausible with this liquidity in the system and I don’t the ECB/IMF has even started. , gold < $1000 is plausible.
I don’t believe it will take 358 days for to become reality.
GS has the NFP in hand…. a huge pump in equities in store for today. No NFP disappoints and stocks reflect any sort of reality on a day GS goes uber bull.
I 1500 is conservative:
That last 3% of value remaining in the dollar will disappear faster than most people realize …..
for a 200 point move in the Dow up today.
This is the game plan
Jan. 2011 to June 2011 = Fraud Street gang will take Dow upto 13,500
June 2011 = FED will stop POMO’s and Dow comes back to 10,000 -11,000 level
Sept – October 2011 = FED again comes back with QE3, higher POMO’s
Nov – Dec. 2011 = Fraud Street gang again jacks up the Casino to 13,500 and gets yearly bonus in billions
Main Street ( 98% slaves) will food stamps
AIG up to new highs again pre-market.Gold stocks obliterated, all the dip buying monkeys are being sent to the slaughterhouse. we are seeing some rotation into the Homebuilders, KBH up big pre-market.
You’ve a skin of teflon to post that here…..
My target for new ATH’s on the SnP’s is EOY2012. I guess GS a more than me–LOL. remind myself to buy more dips.
Futures dropped on the news.But BAC only down a paltry 2 cents and AIG is up $1.60
, but where is your moral compass? Can you suggest owning
BAC and AIG???
Is this the same nitwit calling for a 588,000 payroll gain for December?
September 2010…yup…inverse world sense:
Goldman Releases Most Bearish 2011 Outlook Presentation , Sees S&P In 725-800 Range In QE2 Case
Goldman’s Investment Strategy Group has circulated the most bearish 2011 outlook presentation, detailing why the US economy in 2011 will stall and post negative growth. As the chart below demonstrates, the current case, where ongoing QE will persist through 2011 and even into 2012, and thus any discussion of raising rates irrelevant ( forever, as the Fed will not be able to absorb all the excess slack before it is forcefully removed after 2-3 sequential dollar devaluations) lead Goldman to a GDP expectation of under half of the Fed’s greenshooty outlook of 3%.
Goldman indeed has the worst analysts in the world but I appreciate the effort. If his conslusion is that inflation is the driving force, he’s my vote. If not, lost.
12/31/2011 S&P 500 = 1390