You can’t do Wallstrip without Goldman Sachs – or as the “man on the street” says at the end of the show – Dr. Goldman held my Sack!
They say there are two things you can count on….death and taxes.
I think there are two things that will survive forever:
1. Cockroaches
2. Goldman Sachs
Let’s face it. They are here to stay and are so globally intertwined that they get get richer from other’s disasters. That said, I am not chasing Goldman Sachs the stock at $205. As Mel Brooks says in Blazing Saddles: Lo zem gayn” (Let them go).
What is good for Goldman Sachs is good for the market for now. The trader in me says you own Goldman when everyone is peeing in their pants with fear. No one is peeing these days – except the shorts!
the thing is GS is a good looking uptrending chart and it’s extended, neither would I chase it here but F is a dog and I can’t see reason to bet on a stock that has a chart like that. A dog can rise too but why take a chance on a dog. Great site!