Goldman's David Kostin defends his year-end S&P 500 target of 1250, telling clients to exit...

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into dark shadows Comments (294)
 
I would just add that at this point in the fed "rigged" ponzi scheme we find ourselves in, you are just plain piggish if you don't at the very least take profits and move to the sidelines!

Apple is the perfect case in point.
When all the mo mo traders look at each other and say, this is just crazy, time to lock in some gains, look out below!

The fact that the likes of Jon Corzine and his little lap dog Tony Scarramuchi are even talking about how great a new hedge fund run by Crooked Corzine would be should be all the tell you need to put this nightmare into context!

The risk today is clearly to the downside, when this dam breaks, the rush to the exits will be epic!
I hate to agree with anything Goldman, but this call may prove to be overly optimistic!
20 Aug 2012, 01:11 PM Reply Like

Hitesh Patel Comments (310)
 
Bite your tongue on AAPL. The lines are going to be around the corner for the iphone 5 with the bigger screen and the iTV for $3000 is a bargin when you think about all the cool stuff you'll be able to do. The only thing that will be missing is the iHome theater system, i can;t wait for it, then i'll be able to sync all my iGadgets together in harmony.

AAPL 1 trillion or bust
20 Aug 2012, 01:55 PM Reply Like

Herr Hansa Comments (2915)
 
I would enjoy another buying opportunity. Still sitting on mostly cash, though collecting nice dividends, while I have been waiting. Of course a large drop might also prompt QE3 and kick the can even further down the road. Markets are addicted to stimulus.
20 Aug 2012, 01:59 PM Reply Like

McOption Comments (104)
 
I am starting to get the feeling that Bernanke & Merkel are making a pretty good living controlling the direction of the markets, both up & down.

I definitely plan on trading with the FED going forward.
20 Aug 2012, 02:28 PM Reply Like

kostasrokkos Comment (1)
 
As long as investor sentiment is not defined clearly is difficult for a big correction. The proof is that the market is self corrected when a downtrend starts. The mechanism is self adjusted and might be controlled by market leaders. When the investor feel that they missed the rally and they decide to enter despite the high levels,then a correction starts as buying opportunity. After a couple of bear traps where more investors entered the market the correction is coming with an amazing pace.We all know but should implement stop loss.trailing ATP loss is the best but only few institutions apply same.we have to wait for a couple of years to see something serious on the down side,when bears will be exhausted to wait till 2009,and this is the 04/14 in my opinion.
20 Aug 2012, 04:30 PM Reply Like

whidbey Comments (3029)
 
Goldman is high on its call, the damage of the fiscal cliff is going snowball on the proposition that having let it happen, the Congress will not be in a hurry to do anything. That is very reasonable assumption if also very painful.
20 Aug 2012, 08:53 PM Reply Like

johnbee Comments (517)
 
Generally speaking the policy of people like Goldman is to do the contrary of what they suggest doing publicly.
21 Aug 2012, 05:07 AM Reply Like

Michael Webb Comments (686)
 
These all sound like the doom and gloom thoughts of lonely men with lubricants. Pick the winners. Close your eyes. Go to sleep. And wake up to the alarm you should have set. Maybe sing a song along the way. And don't forget to hug your kids and tell em how much you love em.
21 Aug 2012, 06:20 AM Reply Like