Sunday, April 17, 2011

Remember Sach's Call

Remember Goldman Sach's call to sell your commodity holdings?? Well, it seems that their "sell recommendation" lasted all of three days for oil. We shall see if their "recommendation" gets even deeper underwater. Here's a picture of crude over the last few days, notice how it has bounced back.
The graph is from the observant folks over at zero hedge. http://www.zerohedge.com/article/crude-back-pre-goldman-downgrades-level

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