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Goldman Sachs Group, Inc. (The)Goldman Sachs Group, Inc. (The)Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The)

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GS trade ideas

$GS - Down 20%-30% over next 8 months. So this is really about it be it, lol. For anyone that can argue this - feel free. Fortunately, not all financials are AS bad as $GS looks, but they don't necessarily look great either (technicals, at least). I've been MORE than bearish on financials for some time now, but really $GS is what I've been focused on because the underperformance is just unbelievable. To make it easy, this is the epitome of how I determine a volatile ass correction vs. the start of a real bear market. 2015 - 2016 wasn't a bear market, but solid ass corrections. $BMA for example (2nd largest private bank in Argentina), at this very moment is @ the point it starts a true bear market, or the start of a correction. Old (June 6th) pic - New pic - Back towards end of July, I noticed $PFG (Iowa based insurance company) - Was around April 2018 the performance of insurance groups & (most) banks started to fall off a cliff in regards to performance - think Fed raised rates sometime around end of March, but within a month & a half even $AIG is down -25% since February. Something is obviously going on - not sure how much Turkey or Argentina or even housing would have to do with it, but like I said if you have an argument - I'm all ears. You can look @ it on chart, but just in case nobody does that off rip, I'll make it even easier. $PFG 2008 - $PFG 2009 - $PFG 2018 - $PFG - 20?? -
NYSE:GSShort
by DerekD_