Friday, March 13, 2009


<-- That's a 2-year look at Goldman Sachs. Nice action.

Since November there are a series of higher lows. There's another 20% or so until resistance. More than a double to get to the previous high (dare to dream).

Goldman may be bad example but I'm wondering which bank will be first to raise money - common or preferred - without the govvies telling them to. They could pay back the TARP money, buy a healthy bank or buy a troubled one.

I'm sure the bankers still think their stocks are cheap. JP Morgan is up 45% this week. Is it time to sell some?

“Courage is not the absence of fear, but rather the judgment that something else is more important.” - Ambrose Redmoon

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