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With the latest data from the Philly Fed calling the recovery further into question, Goldman...

With the latest data from the Philly Fed calling the recovery further into question, Goldman analysts are calling to short the market over the summer. The firm adds that without any kind of imminent QE, the market will be forced to trade on economic data, which appears to be deteriorating. Other traders aren't so sure, like Fast Money trader Brian Kelly. Kelly sees plenty of upside catalysts in the near term, and thinks the Fed is ready to unleash some serious firepower. Can you say - inflection point?
Comments (8)
  • jean5566
    , contributor
    Comments (71) | Send Message
     
    what kelly is realy saying is i need time to get out of the way so please don't sell all at once.
    21 Jun 2012, 06:43 PM Reply Like
  • Ted Bear
    , contributor
    Comments (597) | Send Message
     
    Is this another one of Goldman's calls like the bond call? Sell and short bonds at 2.40% cause they will never see these low yields again. Now, at 1.6% on the ten year, that call looks like it was meant for the muppets.

     

    Hasn't Abbey Joeseph Cohen been saying all year that their target for the S&P is well into the 1400's by year end? Now he looks like a fool with the Firm saying the market is a short at 1350!

     

    And then there is the $150 a barrel oil call......
    21 Jun 2012, 07:11 PM Reply Like
  • markjones12
    , contributor
    Comments (24) | Send Message
     
    Sad that investing has become a Fed mind reading exercise. That is a big reason volume is so low.
    21 Jun 2012, 07:35 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    "The firm adds that without any kind of imminent QE, the market will be forced to trade on economic data, ".......funny that is how it should be and was many years ago...now there is no market...really...HFT´... pools..off shore..London gamers....and everyone is waiting for the printer...lol...
    21 Jun 2012, 07:43 PM Reply Like
  • megaballs
    , contributor
    Comments (45) | Send Message
     
    I agree with Goldman's call at 1350 etc fwiw
    21 Jun 2012, 09:13 PM Reply Like
  • waterlookid
    , contributor
    Comments (2) | Send Message
     
    Abbey (sic) Cohen is not a male; the rumors of her being a sex change are seriously exaggerated. And her market calls are spotty at best---but not skewed to the interests of G
    21 Jun 2012, 10:26 PM Reply Like
  • Stealthe
    , contributor
    Comments (69) | Send Message
     
    Hmmm. I guess gs is upset that their bets were off. Now they r determined to prove their points.
    22 Jun 2012, 02:48 AM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    If Brian Kelly and the whole bunch on Fast Money are so smart, WHY are they on Fast Money?? "Those that can , do...those that can't, teach! Case in point: Ron Insana and his hedge fund attempt! Being a commentator does not make you a successful investor
    22 Jun 2012, 08:13 AM Reply Like
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