Goldman Sachs Has Got the Market Royally Wrong

NEW YORK (Real Money) -- This week Goldman "discovered" that risk premiums are high in an upbeat "Birth of Equities" research piece ("The Long Good Buy; The Case for Equities") that implores investors to move aggressively into equities after the most munificent and coordinated global easing in history that fueled the S&P 500 to advance by 27% since early October and by 110% since the Generational Bottom (from 666 to over 1400).