Goldman Sachs Cuts S&P Target From 1,500 To 1,450

Tyler Durden's picture

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Thu, 05/26/2011 - 07:26 | 1312431 hugovanderbubble
hugovanderbubble's picture

And what about munibonds? Goldman?

Thu, 05/26/2011 - 07:54 | 1312475 tarsubil
tarsubil's picture

So 1400 will be the top? Just look at the chart on page 4. Who would, given complete financial freedom, want to invest in that?

Thu, 05/26/2011 - 08:18 | 1312503 Bob
Bob's picture

"Absence of QE7" is right.  Could this be part of the charade where QE3 becomes a widely promoted "necessity"?  Me thinks so. We gotta keep sweating that S&P.  We just gotta.

Must. Not. Let. It. Drop. 

Otherwise, what do we have to tell the proles?

Thu, 05/26/2011 - 08:30 | 1312562 LRC Fan
LRC Fan's picture

Upgrades-Uber bullish

Downgrades are simply "regular bullish"

Look for a market pop at some point today.  Count on it. 

Thu, 05/26/2011 - 08:47 | 1312636 buzzsaw99
Thu, 05/26/2011 - 08:51 | 1312641 snowball777
snowball777's picture

We're sorry...our previous S&P target was specified in octal notation.


Thu, 05/26/2011 - 09:12 | 1312740 Dolemite
Dolemite's picture

Sell EuroUSD and stocks
Buy long end of US treasuries

Thu, 05/26/2011 - 09:19 | 1312751 knukles
knukles's picture


Such a noble change in forecast.
One day's finaglings.

Thu, 05/26/2011 - 10:46 | 1313098 boiltherich
boiltherich's picture

But but....did they not just increase estimates for long oil?  Like on Tuesday?  Did they think we would just not notice falling real GDP?  Or that we could put two and two together and figure out where the market manipulation is coming from?  I am issuing my own forecast, look for pitchfork and torch futures to rise exponentially. 

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