Bye, Goldman, For Now.

Sold Goldman Sachs position today. I still think it's dirt cheap, but I just can't afford to sit on 15% profit in 2 days. Not in this market.

So, commodities bubble is pierced. What next? Banks? No way. Yes, they are down a lot, but they are down for a reason. We can only account for about 400 billion of writedowns, and forecast was between 600 billion and 1 trillion. There is more pain ahead. And, with all emergency government interventions, one thing is clear: at any failed bank, shareholders will be wiped out. Healthcare? Is it big enough? Let's see.

Full disclosure: at the time of publication author had no position in GS. Positions can change any time.

Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.