Somethings never change in Wall Street...

Meredith Whitney turns bullish on Goldman

I rarely criticize other people on xTrends as I want this place to purely be dedicated to the financial markets. But now I will have to break this rule because I can not help.

Yes, somethings never change in Wall Street.

Goldman Sachs stock more than tripled since the low of Nov 21, 2008. From 46.99 to 151.05. The lady was one of the super bears when GS was around 50 bucks back in 11/08

Read this.

Did you see the following in the article?
"Whitney does not have buy-equivalent ratings on any of the companies she covers."

At the time of article, she was working at Oppenheimer. She left the firm in February to work on her own.

Don't get me wrong, I am well aware of the fact that the lady made some great calls back in 2008 but this recent action of hers brings a lot of questions to mind. Is she really working on her own.

As Livermore said, "no stock is too high to buy, or too low to sell" but I am well aware of the general conditions and the market situation at this juncture. Meredith W. thinks either GS stock will decouple itself or she believes S&P500 has more upside. Either way she will be proven wrong. But why risk her great reputation for a little possibility of a tiny upside after 300% rally , and under current conditions.

Anyway, I have taken a note of this case.