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Goldman cuts its year-end 2011 price target for the S&P 500 to 1250 from 1400, citing...

Goldman cuts its year-end 2011 price target for the S&P 500 to 1250 from 1400, citing "heightened global uncertainty" in the equity markets and an "unstable macro environment."
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Comments (9)
  • tigersam
    , contributor
    Comments (1711) | Send Message
    GS should have cut their own price target. I lost tons of money in GS. Around 25K.
    14 Sep 2011, 08:12 PM Reply Like
  • Old Trader
    , contributor
    Comments (5726) | Send Message
    I wonder if Birinyi has cut his target for the S&P? Saw him on Bloomberg TV, a couple of months ago, and if I'm recalling correctly, he was predicting S&P 1500 (his was the most bullish call that I can recall...)
    14 Sep 2011, 08:13 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9973) | Send Message
    Wasn't Abbey Joseph Cohen just as little as a week or two ago, doing her usual bullish, buy, buy, buy commentary? Had some forecast of 1400-1500 or something like that.
    14 Sep 2011, 08:58 PM Reply Like
  • deercreekvols
    , contributor
    Comments (7160) | Send Message
    If one would drop the words "global" and "macro", Goldman's analysts have describe their own work place.
    How is Mr. Blankfein's defense attorney working out for him? How about some analysis on that timely hire from the best of the best on Wall Street?
    14 Sep 2011, 08:28 PM Reply Like
  • EMS
    , contributor
    Comments (582) | Send Message
    I am delighted that the A. Joseph-Cohen Pump and Dump didn't net them too much. We will see tomorrow morning.
    14 Sep 2011, 08:54 PM Reply Like
  • The Enterprising Value Inve...
    , contributor
    Comments (560) | Send Message
    There is a reason these guys are on the sell-side.....would never make money on the buy-side
    14 Sep 2011, 09:01 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4108) | Send Message
    Who listens to "bailout" Goldman? Well, 1250 could be about right, the trading range might be 1220-1280 at that time. In January we go above 1300 again. I hope.
    14 Sep 2011, 09:33 PM Reply Like
  • C-Breezy
    , contributor
    Comments (4) | Send Message
    GS also said that Gold was going to be 2011's huge disappointment. Surprise! As long as the Fed keeps stacking the deck, no one feels confident in this fiat funny money. GS is going to continue to be crushed, especially when Washington envokes the Volcker Rule which will shackle a nice bit of trading operations. Can anyone say Glass Steagall 2 ?!?!
    14 Sep 2011, 11:49 PM Reply Like
  • Bio Insights
    , contributor
    Comments (962) | Send Message
    GS hedges their bets with statements - just plain nonsense
    15 Sep 2011, 12:05 AM Reply Like
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