I had a solid exchange with Bernstein’s Brad Hintz on GS this morning on Bloomberg. You can watch the YouTube of that discussion and tell me whether you think he agrees with me on the misunderstood risks associated with regulating Goldman’s fixed income and derivatives businesses. For now, Mr. Market says lower lows for the stock.
Our intermediate term TREND line of support (prior to last Friday’s news) is now significant resistance and our updated immediate term TRADE line of support (dotted green line in the chart below) is registering as a lower-low ($147.89) versus the prior YTD lows established in February.
Keith R. McCullough
Chief Executive Officer