Comments on: GOLDMAN’S TOP TRADES FOR 2010

By: Darius

Darius — Wed, 09 Dec 2009 18:38:48 +0000

I couldnt find ‘buy GS’ stock among their top ideas…

Also they are doing some hedging in their forecasts:

#2 Long Russia vs #6 Short RUB – one of those should work out fine.

By: Frederick

Frederick — Sun, 06 Dec 2009 00:38:06 +0000

I wouldn’t try to short gold just to prove a point. I understand not wanting to be long gold, or even having the opinion that it’s due to fall, but be careful shorting a market that small and that thin.

That guy Santolli who writes for Barron’s recommended double shorting gold with GLL earlier this year, and he’s pretty much gotten his nuts ripped off with that one.

If you do short it, and get some instant gratification, I wouldn’t stick around very long.

By: Paul

Paul — Sat, 05 Dec 2009 11:35:18 +0000

Hi James, oil looks like a bull flag since Nov high. Financials were talked down by Meredith in Nov. GS, JPM, and etc correcting since. They need to make a move and I think they will if there is going to be another breakout near term.

By: James

James — Sat, 05 Dec 2009 05:43:43 +0000

Honestly, my opinion is that financials have room to run while resource stocks/materials do not. With that being said, financials represent a much larger percentage than resource stocks do of the S&P. So the S&P could remain strong into the year even though some sectors that remain a smaller percentage can correct. To answer your question directly I am not really sure as to WHY those sectors remained stagnant though.

With that being said I have no idea why I received 1 star because I was 100% right in my analysis for today (gold correcting over 4%, resource stocks were extremely weak, financials were strong). And I usually am. But whatever.

By: Paul

Paul — Sat, 05 Dec 2009 01:12:01 +0000

Hi James and anyone, ideas on why financials and oil lag since Nov?

By: BGray

BGray — Fri, 04 Dec 2009 23:47:55 +0000

TPC and others,

Kind of off topic: Would you buy any banks here? If the Fed does raise rates, wouldn’t that dampen some earnings?

By: TPC

TPC — Fri, 04 Dec 2009 18:08:47 +0000

It would represent an improving economy.

By: Marc

Marc — Fri, 04 Dec 2009 17:31:37 +0000

I think the plausible explanations are

1) Ireland’s intermediate term outlook is much better than the short term ( based on current information and economic growth expectations)
2) Market is convinced that the basic fundamentals are still in place as it emerges from this turbulent period
3) May be market’s expectations changed about the probability of EU assistance after the recent effects pertaining to Dubai and Greece.

There could be other reasons, if we can look at how the CDS with different time frames have moved over the last year, relative to other EU countries.

By: Anonymous

Anonymous — Fri, 04 Dec 2009 16:26:40 +0000

can someone explain what the effect of irelands 5yr cds lowering actually means to the country?
Im in ireland and dont understand what this means at all? thanks

By: The Finn

The Finn — Fri, 04 Dec 2009 09:49:39 +0000

A lot about Europe. However I think they are wrong about it.

To be long in GBP would be very a risky move I think. It cannot be good when the gowernment is selling off its property. On the other hand they have sold off its property in other recessions and done allright. I think its was Magret Thatcher who started doing this.