As if you didn’t have enough indicators for your charts, I have a new one for you technical analysts. If you remember back on March 21st, Goldman Sachs announced that it was the best time to get long stocks, a ”generational buy” to quote them directly. Like any good indicator we need to give it a name. I thought long and hard about what we could call this, and I’ve decided it’s actually pretty easy after all: ”The Muppet Indicator”
Tonight you ask yourself, ”Greg how do we use this new indicator?” aha! it’s very easy. Whenever Goldman Sachs puts out a report telling you to buy, you SELL. If the report tells you the opposite, to sell, you BUY! So far this indicator has proven pretty reliable so it’s up to you to use it.
Update Goldman released just today:
P.S.,
I don’t buy for a minute that Goldman is actually following through on these calls.
