GOLDMAN SACHS BIZARRE TIMING
I always wonder if a majority of these investment banking firms are on a campaign of misinformation for nefarious reasons that will revealed by Wikileaks in the coming months or years. Perhaps it's just that the fundamental research guys that come up with recommendations to buy equities, as they did today, are not allowed to discuss things with the technical, market-timing guys.
While Goldman's recommendation to buy equities for the long-term is the right recommendation given the bullish variables in favor of long-term growth in the equity markets. Their timing will be damaging to any of the investors who choose to take their advice.
The tree that is the US equity markets is about to start shaking, and odds are that your average, mentally scarred investor will not be able to hang on long enough in order to enjoy the fruits of Goldman's recommendation.
Just goes to show that the conflictory jungle that is Wall Street is alive and well. Analysts with fancy degrees, dressed in funny suits and ties, acting as if the knowledge of all the heavens is at their feet. When, in fact, the reality of the situation is that they are the modern day version of a carnival barker, doing work that - in the end - is truly useless.
