Monday, September 1, 2008

Oil under $111, down $5. Where's Goldman's $149 target?

Another hyped prediction hits the scrap heap of Wall Street punditry. The only difference is, that this time, the pundit gussied up worked for Goldman Sachs.

Showing that even the white shoed firms aren't above sensationalism if it will help their trading positions.

OPEC sure doesn't believe Goldman. They say that the world is over-supplied, and they are thinking about cutting production.

Maybe though, you may want to actually believe that Goldman thought oil was going to $149!

Now that's a Catch-22 that you want to stay away from!

No comments: