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John Thomas graduated with a bachelor’s degree in biochemistry with honors and a minor in mathematics from the University of California at Los Angeles (U.C.L.A.) in 1974. He moved to Tokyo, Japan where he was employed by a medium-sized Japanese securities house. Thomas became fluent in Japanese... More
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  • What's Good for Goldman Sachs is Not So Good for the Rest of Us 0 comments
    Jul 15, 2009 12:37 AM | about stocks: GS

    Yesterday, I showed you Arthur Hill’s elegant, technical, well thought out analysis of the S&P 500’s prospects. Below, please find my inelegant, non technical, graphical rending of a dead cat bounce. Any stocks dependent on the consumer feeling good about himself, like consumer discretionary and high end retail, you want to sell especially hard, because the consumer is about to feel a whole lot worse. If you don’t believe me, ask the shareholder of sharper Image and Linens and Things. There’s a Weed Whacker plowing through the green shoots. Keep in mind that there are not a small number of strategists out there who are expecting new lows for the S&P 500 below 666. Use the Meredith Whitney inspired short cover rally to sell into. Expect truck loads of towels to be thrown in when the big break finally occurs.
     

    Stocks: GS
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