Bank Profits Ready to Tumble, Stocks Set To Fall: Whitney - CNBC
Meredith Whitney has the ability to move the markets. She is arguably the most respected analyst for GS and the financial markets. When she downgraded GS on 15th of October 2009, GS fell from $193.60 to the close last night at $155.73. The after market came tumbling down to $154.17 after Fed hikes the discount rates.
You may or may not agree with her assessment but she has built her credibility by correctly predicting the sub-prime back in 2007. If you have financial positions like me, remember to hedge them to profit from the downside.