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International Business Machines Corporation Message Board

  • buffetmunger buffetmunger May 13, 2013 10:44 AM Flag

    Goldman Sachs's Kostin and his team say the index looks fully valued for now

     

    ........Goldman Sachs : The market reached its year-end target of 1,625 “much faster than we expected,” Chief U.S. Equity Strategist David Kostin said in the “U.S. Weekly Kickstart,” dated Friday. But is the firm nervous? No way.

    Kostin and his team say the index looks fully valued for now,

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    • yourbestfriendintheworld yourbestfriendintheworld May 16, 2013 1:06 AM Flag

      They'll keep saying that. It will, eventually, turn, and then they'll say "see? told you so".

      It's near impossible to pick the top in a stock even when you work for the company. Forget trying to handicap the whole market. Crashes are always caused by panicked evacuation of leveraged positions. Nothing else causes that sort of rush for the exits. You'll never be allowed to know how much real leverage is in play, and you'll never be the first to see the trigger that starts the unwinding.

      Hedge or bail if you're fearful. But pretending you know, or forwarding what someone else pretends, doesn't inform good decisions by others.

    • The market reached its year-end target of 1,625 “much faster than we expected,” Chief U.S. Equity Strategist said. Well that tells it all doesn't it? Shows you how much Goldman knows. Not much more than the average investor. So why does Goldman exist? To sell, sell and sell some more.

 
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