Ken likes Ford - he says there is a shortage of cars.
Ken likes Goldman Sachs - he says they are best of breed.
Cash for clunkers is done and a failure. Additionally, most car company CEO's have reported that results will be terrible to disastrous for September.
“We are going to see harsh reality in September. U.S. industry results are a disaster.”
--Sergio Marchionne, the chief executive officer of Fiat and Chrysler
What both of Ken's statements have in common is good imagination...I think these money managers like to speak to hear their own voices. Apparently, that can get you clients?
Take a look at Ford...beautiful impulse wave - problem is the pattern is complete - there no volume at these levels. Not to mention no earnings visibility.
Take a look at GS...do they know what they will earn next year? Would you believe them?
It definitely feels like these guys are trying to set a trap...or they are just stupid.
Most likely its a combination of both.
