Press Releases

Goldman Sachs' (NYSE: GS) Quiet Rebound

Some hedge fund managers are worried about a "Great Depression" on Wall Street but Goldman Sachs (NYSE: GS) shares seem to be saying something else.

In fact, Goldman shares have fought their way back to their 200-day moving average. And if the Fed says and does the right things this afternoon, the stock could cross the key resistance level and possibly move higher soon thereafter.

If this scenario develops positively, it could signal that money is moving back into financial stocks with strong balance sheets and little exposure to subprime mortgage debt.

Goldman has come a long way, some 35% from its March intraday bottom. But two things are on its side.

One, the market's overall trend has improved. And two, the Federal Reserve is not looking to derail the market's rally. Rather the Fed is looking for balance, which means that it will likely try to let the market down easy if indeed it decides to stop lowering interest rates in the near future.

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Doctor Joe Duarte's Market I.Q., offers subscribers a unique blend of intelligence, market commentary and trading strategy. Duarte's daily articles, and news summaries offer recommendations and analysis for ETFs, and individual stocks in the technology, health and biotechnology, and energy sectors. Doctor Duarte is a writer, and an emerging futurist, with a diverse background, and a growing audience. His combined expertise in health care, energy, and the effects of politics and global intelligence on the financial markets offer a unique blend of insight and information to thousands of active investors and political and intelligence aficionados around the world on a daily basis.

He is the author of four books: "Futures And Options For Dummies," "Successful Energy Sector Investing," "Successful Biotech Investing" and co-author of "After-Hours Trading Made Easy."

In early 2001 Dr. Duarte in "Successful Energy Sector Investing," correctly predicted that Venezuela's political problems could lead to an energy crisis in the United States.

In 2003, also Dr. Duarte was among the first to widely publicize the long-term friendship between French President Jacques Chirac and Saddam Hussein.

He has also appeared as a weekly guest on Market Mavens Radio, has logged appearances on KNX radio in Los Angeles, Financial Sense.com radio, and Wall Street Radio.

One of CNBC's original Market Mavens, Dr. Duarte has been writing about the financial markets since 1990.

His articles and commentary have been featured on CBS Marketwatch, Barron's, Smart Money, Medical Economics, and in Technical Analysis of Stocks and Commodities magazines.

In 2003, Doctor Duarte received second place, in the professional section, of the Medical Economics Investment Challenge with a 12-month return of 42%.