Did Goldman (GS) Call the Top? Maybe...
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If you need another reason to look at Goldman Sachs (NYSE: GS) with a skeptical eye (or laser sight, in some cases), here it is: the firm is costing you more money.
To start, on Wednesday Goldman released a note outlining how its a better choice to buy equities rather than bonds, saying the equity markets "are as good as they have been in a generation." This comes after the S&P 500 made nearly a 12 percent run through last Tuesday....arguably the highest level since May 2008.
Since issuing the note, the S&P is down about 1 percent.
So, should markets end up on a fairly good streak, it might be safe to reason that Goldman called the top of the market...at least, for now.
For more color from Goldman's call, click here.
To start, on Wednesday Goldman released a note outlining how its a better choice to buy equities rather than bonds, saying the equity markets "are as good as they have been in a generation." This comes after the S&P 500 made nearly a 12 percent run through last Tuesday....arguably the highest level since May 2008.
Since issuing the note, the S&P is down about 1 percent.
So, should markets end up on a fairly good streak, it might be safe to reason that Goldman called the top of the market...at least, for now.
For more color from Goldman's call, click here.
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