Monday, July 20, 2009

Goldman raises S&P 500 year-end target to 1060

That's just reality, bears.

It will go with my 10,300 DJIA year-end target.

3 comments:

  1. Hey Palmoni,

    At all times, you state Goldman is to be faded away; here you agree with them cause it agrees with your own view??
    Anyway, can you post your year end Dow target in a new post marking it as a prediction you are making today. We can check at the end of the year :)

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  2. I know I have too strong of a bias against Goldman, and I don't mean to infer that you should always fade what they say.

    I only try and mention the most egregious examples where it would be accurate to fade their calls.

    At the end of May, with the NAZ up 13%, I said it would end up over40%.

    http://aaronandmoses.blogspot.com/2009/05/word-on-fridays-close.html

    My year end Dow target was 10,270, as outlined here, with the targets for each of the Dow 30.

    http://aaronandmoses.blogspot.com/2009/07/where-can-dow-go.html

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  3. Point taken. This should be a lot of fun :)) You have taken the 10270 shot on the DOW. None of the other blogs I read think this rally is going further without a substantial correction. So it should be interesting. I am going to watch from the sidelines; not convinced on the long side and the short side is too risky. Have lost quite a bit of sleep and a fifth of my investment over last year's debacle :)

    One request! Can you post stock recommendations as posts instead of the comments sections. Would be highly appreciated. Thanks for your honest blog and responses to comments! You rock!

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