Goldmans doing God’s work, again
They called the oil top, they called the oil bottom. They timed the USD move well. They lowered the GDP figures close to the top. They also trade, and take the biggest positions. Last quarter they lost on one day (if that is possible). They do God’s work, but their stock has been under pressure for some time now. We believe that negative articles about the firm and increasing voices over investigations, now are priced in. Goldman Sachs is the firm, and the stock is down to nice support levels. This baby could pop up nicely, given talks of investigations cool of for some days. As they have timed every major move in the last months so well, and they usually put their money where their mouth is, Goldman should have made some nice profits recently, despite the stock being off so much. Buying the stock here is buying their perfectly timed calls with a discount. For the really bearish vs short SPX.