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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (6812)	2/3/2004 11:14:51 AM
From: russwinter	Read Replies (2) \| Respond to of 110194

At least Goldman Sachs analyst have the balls here to make the right call. James Cramer mocks them. Better get used to it, Jim. RealCommentary from TheStreet.com Goldman's Semi Downgrade Is About the Fed Tuesday February 3, 9:50 am ET By James J. Cramer, RealMoney Columnist The much-telegraphed Goldman Sachs downgrade of semiconductor equipment stocks seems to be part of a pattern that makes sense only if you believe the Fed is about to ruin this market with four 50-basis-point hikes by election time. I say this because when you consider that Goldman also downgraded General Motors (NYSE:GM - News) last week, you see that what the firm is saying is "Get defensive." Of course, this is hilarious, given that Goldman's economists are saying -- or perhaps more accurately, were saying -- that there were no tightenings imminent.