Pissoni just said on CNBC that GS's earnings cut off date was before the big drop in the subprime stocks. Guess we'll have to wait for their next quarter report to find out if the rumor is true.
Wednesday, February 28, 2007
...
Goldman Sachs. Basically, the more money that Goldman loses, the less money that people who can't afford it are losing. So, thank you, unnamed Goldman trader!
...
The market prices are determined by big institutions such as GS, MS, and Merrill Lynch. If they lose $1 billion, it means more people who can't afford it are losing also.
I am sorry about that. Therefore, it's good to see them perform great.
