A Continuation Lower or a Bounce?

Posted by UpsideTrader
on December 2nd, 2008

Goldman is likely to report a loss of at least $5 a share which is five times the current analysts estimate. Aren’t those analysts just phenomenal? DOW futures are up around 134 and seem to have been stuck there for the last hour. It will be interesting to see if the bulls have any interest at all in buying “value” here. They’ve been beaten like a drum every time so far.

The auto guys bring there plan to Congress again. I wonder if they took the Gulfstream?

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