Friday, April 15, 2011

Is Goldman Sachs Correct?

Click Here To See The Video
Earlier in the week Goldman Sachs issued a recommendation for their clients to sell Canadian equities.  It would appear it is based on the correlation between the price of oil and the Toronto Stock Exchange index.  Goldman clearly thinks the price of oil is close to a short term high.  Shown below are charts of the TSX and Oil (Light Crude). 

Do you agree with the Goldman prediction that oil, and Canadian stocks are headed lower?

TSX Index (Click to Enlarge)
Light Crude (Click to Enlarge)

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