Do you believe this?

Being in and out of the stock markets for a few years, do you believe that a bank will tell you to do the right thing by getting out or it has some other objectives to achieve by posting such comments, especially from Wall Street's finest, Goldman Sachs. 


You can sense almost an air of desperation from David Kostin, Goldman Sachs chief U.S. equity strategist, in his latest note to clients as he pleads with them to take money out of stocks before they fall off the fiscal cliff.
Fiscal Cliff
Steve McAlister | Photodisc | Getty Images

In the note, Kostin vehemently defends his year-end S&P 500 [.SPX  1418.13    -0.03  (0%)   ] target of 1250 despite the benchmark’s recent rise to above 1400. The strategist still sees a 12 percent drop ahead, believing that Congress will fail to address the fiscal cliff before the election, and maybe even before the end of the year.
“Political realities and last year’s precedent suggest the potential that Congress fails to reach agreement in addressing the fiscal cliff is greater than what most investors seem to believe based on our client conversations,” said Kostin.

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