GostHacked Posted April 13, 2011 Report Posted April 13, 2011 http://www.ctv.ca/CTVNews/TopStories/20110413/goldman-sachs-canadian-stocks-110413/ Can you really trust these guys who helped orchestrate one of the biggest financial crisis in the USA, on giving you proper information on what stocks to buy or sell. A Goldman Sachs strategist has told investors that it is time to dump their Canadian stocks, so they can avoid suffering losses in the short term as oil prices decline. Noah Weisberger told investors Tuesday that Canadian stocks "made new highs last week, even as growth jitters and higher energy prices were constraining equity markets elsewhere." But he advised Goldman Sachs clients to drop their Canadian holdings as "risks to the forward view of economic growth are more balanced as are the risks to oil prices." Quote
Moonbox Posted April 13, 2011 Report Posted April 13, 2011 I sold off as soon as the earthquake hit Japan. I should have shorted. What is there to argue with GS about? Commodity prices are at record highs and demand isn't really supporting the prices. Look at oil. What is it about oil that has prices almost all the way back to record pre-recession levels? It's not demand. It's speculation. People who made 50+% on their commodity portfolios over the last year or so (moi ) should be selling off not only because there's huge potential for a correction but also because you can't reasonably expect those gains to continue and there are going to be better places to put your money. Quote "A man is no more entitled to an opinion for which he cannot account than he is for a pint of beer for which he cannot pay" - Anonymous
Shady Posted April 13, 2011 Report Posted April 13, 2011 I'm still trying to find the declining oil prices mentioned. Quote
Wilber Posted April 13, 2011 Report Posted April 13, 2011 I sold off as soon as the earthquake hit Japan. I should have shorted. What is there to argue with GS about? Commodity prices are at record highs and demand isn't really supporting the prices. Look at oil. What is it about oil that has prices almost all the way back to record pre-recession levels? It's not demand. It's speculation. People who made 50+% on their commodity portfolios over the last year or so (moi ) should be selling off not only because there's huge potential for a correction but also because you can't reasonably expect those gains to continue and there are going to be better places to put your money. Depends what you bought, when you bought it and how long you plan to keep it. The dividend yield on some big oil stocks is still better than you can get on any fixed income even at todays prices. Quote "Never trust a man who has not a single redeeming vice". WSC
scouterjim Posted April 13, 2011 Report Posted April 13, 2011 http://www.ctv.ca/CTVNews/TopStories/20110413/goldman-sachs-canadian-stocks-110413/ Can you really trust these guys who helped orchestrate one of the biggest financial crisis in the USA, on giving you proper information on what stocks to buy or sell. Oil prices may decline, but gasoline prices will continue to rise. The oil companies will "need to make up for losses to their investors". Quote I have captured the rare duct taped platypus.
Saipan Posted April 13, 2011 Report Posted April 13, 2011 Goldman Sachs says SELL CANADIAN STOCKS! WHICH Canadian stocks??? Very generally, investors flock to Canada now. It's why our dollar is up. Quote
Moonbox Posted April 14, 2011 Report Posted April 14, 2011 Depends what you bought, when you bought it and how long you plan to keep it. The dividend yield on some big oil stocks is still better than you can get on any fixed income even at todays prices. You can't compare yields without comparing risk. Is a slightly better dividend yield worth the volatility when you've already made 80-90% over the last 2 years? Take your gains and be thrilled with them. Expecting them to continue for much longer is just being greedy and you're likely to get kicked in the face for it. Quote "A man is no more entitled to an opinion for which he cannot account than he is for a pint of beer for which he cannot pay" - Anonymous
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