Goldman Sachs (GS), long one of the biggest Treasury bond bulls, now says the rally has seen its...


Goldman Sachs (GS), long one of the biggest Treasury bond bulls, now says the rally has seen its peak and the best trade going forward is to buy stocks, not bonds. Francesco Garzarelli, Goldman top interest rate strategist, says the 10-year note's yield has seen its bottom in the 2.45%-2.5% range, and that some QE has already been priced into the market.

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Comments (5)
  • radicall
    , contributor
    Comments (533) | Send Message
     
    hint hint they want you to go short bond futures so they can buy some more so a short squeeze sends prices higher.
    4 Oct 2010, 03:46 PM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    Translation: "This Fed induced equity pump is at it's peek and we need suckers to sell our holdings to as we go short."
    4 Oct 2010, 03:47 PM Reply Like
  • nightfly
    , contributor
    Comments (1015) | Send Message
     
    Ah, what's the Fed going to do with QE2? Not buy bonds? As usual, doing the opposite of what GS says is a good idea.
    4 Oct 2010, 03:47 PM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6879) | Send Message
     
    Francesco Garzarelli:

     

    Any relation to Elaine?

     

    Just checking where the DNA lies.
    4 Oct 2010, 03:54 PM Reply Like
  • mike mohr
    , contributor
    Comments (452) | Send Message
     
    GS said to go short EURO at 115. May be this time they are right.
    4 Oct 2010, 04:32 PM Reply Like
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