Nice Call Meredith Whitney

Remember how much crap Meredith Whitney took for downgrading Goldman? Turns out she top ticked the stock. That said, I believe Goldman will outperform the rest of the financial sector going forward. I am considering a long versus my Bank of America short.

4 comments:

Tsachy Mishal said...

I don't care if her critics are right that she had one lucky call (make that two). At least she had the balls to stand apart from the crowd. I cant say the same for the vast majority of the analyst community.

PJ said...

Goldman is a levered real estate hedge fund combined with an investment bank ... I don't think that's where you want to be long ... banks, real estate are all going down ... dividend-payers like utilities make more sense.

Tsachy Mishal said...

Im talking about a quick trade. I have no intention of owning financials for anything more than a trade.

I decided against it because the market is a long way from being oversold.

Anonymous said...

Long in GS is 160 dawg.