Goldman Sachs Nails The Oil Trade (GS)
Courtesy of Joe Weisenthal at Clusterstock
For awhile there, Goldman Sachs (GS) was making a fool of itself in the oil market with wild-eyed predictions like $200/barrel that never came true. But as FT Alphaville notes this morning, they’ve been pretty bang-on over the last few months. Check out the chart. It’s almost scary.