Who is right or who is lying?
Goldman forecasted oil to be $200 and even $1000 a barrel in 2008 using their models. We all know they were manipulating prices to gain from their trades. Now, they are back using the same devious tactics and fooling the public. Goldman said that EURUSD will be at 1.40 a couple of months ago and Goldman said that treasuries will fall immediately before they rallied up 5%.
Goldman is very good at analyzing individual stocks but all other analysis is for manipulation.
I think we are going to do a repeat of Year 2007.
The current rally will correct (1450-1540), will be bought and a vigorous rally after lifting S&P above 1700 (Which might be the long term top) and then we all know what happened after Oct 2007.
Reverse psychology on deception...but I doubt GS is aware (or would believe) that most people think they lie. Seems more likely the egoists will continue a strategy that's been working for them - to mislead sheep to go long...then pull the rug.
I agree with you. Goldman is the devil incarnate. They're manipulators, inside traders, they intentionally misdirect their clients, and have done more than anyone to undermine public confidence in the integrity of markets. Slick, sleazy, unrepentant, and dishonest, they represent the pinnacle of what is wrong with Wall St.
that is the best post I have ever read. you are 100 percent correct. the truth is the market is follow the leader. when the majority all move in one direction the outcome favors the majority. can't really blame Goldman Sachs they are doing whatever it takes to make money. we like to believe they have all the answers. unfortunately for us we really don't know the truth
as far as this market being so high .. there is no reason for it. a bank president make a comment and the market goes up. and other banker make a comment and the market goes down. jobs are good jobs are bad.earnings good earnings bad. unemployment high then low. the economy is getting better the economy is getting worse. so the market goes up and down. what is it really worth. the price of stock is all #$%$. p/e ratios all #$%$. it all means nothing. something is worth what someone is willing to pay.