Tuesday, October 9, 2007

Goldman Sachs (GS) Hits New All-Time High

In case anyone was wondering, this means the looming financial crisis has officially been canceled.

As much as various sentiment indicators suggest that there is too much froth in the markets, that doesn't mean it is a good time to be short. Said another way, never try to anticipate when a fast moving locomotive will make a U-turn, but be nimble enough to grab onto the caboose as it goes by, regardless of the direction...

2 comments:

Anonymous said...

I thought you said you were short? Guess the locomotive got ya.

Bill Luby said...

"Just a flesh wound..."

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