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Two Ways To Play: All That Glitters Isn't Goldman

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Strengthen your portfolio in good times and bad.

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Goldman Sachs Surprise

Goldman Sachs (GS), the best-of-breed former investment bank known for sidestepping most of the blowups that have hit its rivals, is likely to report a fourth-quarter loss of $2 billion.

The loss amounts to roughly $5 per share, and, according to the Wall Street Journal, is approximately 5 times greater than what analysts were expecting. It's true many were bracing for Goldman's first loss since going public almost a decade ago, but nobody expected this. "The last two weeks have been nothing short of horrible, with asset prices coming under ever more pressure than before, " said Susan Katzke of Credit Suisse.

Goldman is set to report on December 16th.

From the Bull Pen: Until the fundamental picture improves, bulls need to take a tactical approach. Nonetheless, a contrarian play may exist in the Ultra Financials ETF (UYG). A sell stop can be set below $4.

From the Bear Cave: The possibility exists for stocks to rally though the holiday season. So bears can consider Deutsche Bank (DB); initiate a downside position on a trade up to $40.


Quick Check Around the World

Asian trading closed with the Hang Seng -4.98%, Nikkei -6.53%, Sensex -1.14%, Taiwan -3.57% and Shanghai -0.26%.

Glancing towards Europe, we see the CAC 0.97%, DAX 1.86%, FTSE 0.69%

As of 8:30 a.m. EST, S&P futures are trading +13 to 829, and Nasdaq futures are +14 to 1108.


A Look At Commodities

Crude oil is trading -0.04 to 49.23. Gold is +4.50 to 779.10. Silver is +0.145 to 9.495 and copper is -2.050 to 158.30.

The dollar index is -0.154 to 86.570.


On the Radar

Economics

09:00 RPX Composite 28dy Index
09:00 RPX Composite 28dy Index YoY
02:00 ABC Consumer Confidence

Click here for the full trading radar.

Turnaround Tuesday? Good luck!

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No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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