New Goldman's Target 1250. Wrong Again??

[shortie]

GS puts out their best official guess for S&P year end. They claim that 1250 is the real deal by year end (previous targets were 1450 and 1400).

Could you do better than Goldman?

SPX ~1210, VIX 31 today

http://www.zerohedge.com/news/goldman-cuts-2011-sp-price-target-1400-1250

 

[shortie]

Aug 31 2011. Abby Joseph Cohen reiterated her forecast for the Standard & Poor's 500 reaching 1450. http://www.cnbc.com/id/44346481


the market was around the current level. is this similar to 2008, when she plainly refused to acknowledge the bear market?

 

[Lucrum]

How about a stubby poll on what the weather will be like at year end?
It would be about as useful.

 

[tradingjournals]

There are a-holes who, instead of checking who is sleeping with their wives, are trying to give hard time to good fellows on ET such as the renowned ET member Shortie.

 

[shortie]

oil is lagging spy during the current up-move

 

[FreakofNature]

GS doesnt know the future any better than you.

The reason they make so much money is not because of their predictive skills.

FoN

 

[Lucrum]

Quote from tradingjournals:

There are a-holes who, instead of checking who is sleeping with their wives, are trying to give hard time to good fellows on ET such as the renowned ET member Shortie.

Pointing out cold harsh reality is giving someone a hard time?

Man the fuck up TJ.

 

[baro-san]

Quote from shortie:

oil is lagging spy during the current up-move

Arguably oil is leading spy.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3303051>

 

[baro-san]

Quote from shortie:

GS puts out their best official guess for S&P year end. They claim that 1250 is the real deal by year end (previous targets were 1450 and 1400).

Could you do better than Goldman?

SPX ~1210, VIX 31 today

http://www.zerohedge.com/news/goldman-cuts-2011-sp-price-target-1400-1250

~1100

 

[shortie]

probably as the consequence of high VIX, the predictions in the press are all over the place. it is very easy to find -20% targets.

"Rising risk aversion, a surging U.S. dollar, historical seasonal weakness and a climb in bonds could send the S&P 500 down as much as 21 percent from Friday’s close, according to Mary Ann Bartels, Bank of America Merrill Lynch’s technical research analyst.

The 2-year Treasury yield could drop to zero, Bartels added.

“There is still a chance that 1100-1020 holds, but the risk is now higher, or a 50 percent probability, that the S&P [.SPX 1216.01 6.90 (+0.57%) ] tests 985 – 910,” wrote Bartels, who is often chosen among the top chart analysts in an annual survey by "Institutional Investor" magazine. “September historically is the worst performing month in the year, while October traditionally marks important market bottoms.”" http://www.cnbc.com/id/44487678