johnthebear

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  • ETFs: Implications of Goldman Sachs Predictions
    Agree totally with the comments, not the author, Mr. Tom Lydon.

    Pump and Dump was the name of the game in the 2000 crash. Goldman and Abby Cohn were a lot to blame for that and they are doing the same again with the BRIC group. That is all they could say in 1999, 'stocks are going higher, because they have been going higher'.

    The author should look at the 200 day moving average of all these countries and factor in a global recession before jumping on the bandwagon. A reality check is in order.

    "Goldman Sachs’ economic team recently pulled out their crystal ball to come up with a new world order for the year 2040"

    Just because all of the stocks he mentined have gone down a lot does not mean they can't go down much lower!

    Goldman and the author will be right one day, but in my judgment, the long climb back up the mountain will start from way down deep in the valley, after lingering near the graves of failed companies for several years.
    Aug 02 18:36 pm |Rating: 0 0 |Link to Comment |View article

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