Wall Street Manna
An irreverent look at Wall Street
Monday, November 30, 2009
Goldman upgrades steel sector, and raises US Steel to conviction buy
Two months ago Goldman said the sector was a sell. Now it's a buy, and US Steel is a conviction buy with a target of $54.
I think the whole world finally
recognizes China's lies
about steel. Or maybe, the stocks have just been beat down enough, that they can finally be touted by Goldman!
Meanwhile, steel gets touted, while the economy is touted as sub-par.
Settling Into Subpar Recovery Mode
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