|Day Low/High||306.43 / 315.80|
|52 Wk Low/High||293.90 / 426.16|
There have been some remarkable percentage gains from this morning's lows. Some examples: +6%, +4%, +8%, +5%, +6%, etc.
I also added to Goldman Sachs on this morning's weakness. A reminder, GS is my favorite large cap stock for 2019. It's a contrarian delight.
* Short-Term Bullish * Intermediate-Term Bearish "Since 1969, the Santa Claus rally has yielded positive returns in 34 of the past 45 holiday seasons - the last five trading days of the year and the first two trading days after New Year's. The avera...
But extreme short-term volatility will produce extreme long-term loss of public trust.
I have added to these longs at the opening: Bank of America , Goldman Sachs , Citigroup and the aforementioned CBS .
The smart way to panic is to remove any trace of financial systemic risk from your portfolio.
Where is the money that's supposed to take advantage of the declines? Nowhere.
Goldman Sachs shares are now trading at about the same discount to book value that it traded at during The Great Recession in 2007-09. I moved from medium-sized to large-sized today at about $163.
DB isn't likely to become the next Lehman Brothers. It's more likely to become the next Citigroup.
In Goldman Sachs' daily bar chart we can see a downtrend from March.
These are currently situations where companies are facing serious lawsuits.
"Certain members of the former Malaysian government and 1MDB lied to Goldman Sachs, outside counsel and others about the use of proceeds from these transactions... 1MDB, whose CEO and Board reported directly to the prime minister at the time, also p...
I initially placed Goldman Sachs on my Best Ideas List (short) at $242 on January 10, 2017 - nearly two years ago. It was not a popular decision! My short thesis cited several factors including: * Goldman Sachs remains a "value trap" * I give manage...
Here are my predictions for the S&P 500, bank stocks, the Federal Reserve's move on interest rates and much more in the coming year.
I have added further to my trading layer (on top of investment position) in financials this morning. ( , and ) I will have more on financials on Monday - in a more lengthy analysis. I will be at a Board of Governors meeting at my golf club from 12-2...
But there is no catalyst right now, and there are so many other sectors with better prospects.
Wake up and smell what the Fed is cooking and lower the amount of your portfolio allocated to stocks.
ARCE has been trading between $20.50 and $24.50 since its IPO.
Investing right now is like running through a minefield with absolutely zero training and traps everywhere.
I just established the following longs (in a new managed account): Square $64.96, Goldman Sachs $185.57, Wells Fargo $52.29, Citigroup $62.52, and Bank of America $27.19.
Over the last 10 days I have been active on the long side. Additionally, I added several new longs to my Best Ideas List. I currently have, as previously reported, no individual equity shorts. Last week's long buys (and add-ons) of , , , , , etc. w...
The real risk for Deutsche shareholders isn't a balance sheet blow-up, it is a continuing fade into oblivion.
With 60 minutes to go, stocks are virtually at their highs - I continue to scale up on my short (as high as $273.35). Some standouts from the home team: * Smart reversal in Square today! Been adding all week. * , a new buy, +3% on the day. * Nice bo...
I tire of hearing that there has been a correction.