Tuesday, October 6, 2009
GS about too top out as we have reached the extended target area. Its time to exit longs. This one should also be the best indicator for the overall market I was waiting for GS to make this pattern and wondered as the markets tuned down last week how it might wrk out. Others like Deutsche Bank are following and the valuations are insane in some (HSBC) cases but that is as Keynes said once a secondary effect and not something one can rely on short term. ' Markets can stay longer insane than the pockets of an investor can stay sane'.
Posted by getagrip at 12:27 PM