Essentially, they are saying "we want to tell you something, but don't really listen to us."
GS is always behind the curve when it comes to reduce their estimates on S&P. Moral Hazard and market impact. "GS Charts that matters" from the trading desk is far better, but targeted to those who have a very short time-frame.The best I found since more than one year now is "UBS Technical Analysis Weekly Comment". They gave 95% of all trends and turning point since last summer, cross-asset. Perfect overview for swing-traders, from 1 to 4-5 weeks positions. On Scribd too...Fred
When I wrote my three part article on Contrarian Signals, number 11 was that Wall Street Strategists were still too bullish. Well that is now definitely changing... good old Goldman Sachs capitulates!
When you front run your clients, it probably doesn't matter what you tell them.-Bill