Goldman..

[TraderZones]

Quote from TheCaymanIsland:

Goldman is AMERICA. It's the most prestigious company in the history of the world.

Investment banks were among the ones that had to compensate their customers to the tune of tens of billions, because places like UBS were pawning off the toxic assets on their own customers till the bitter end.

I worked at a couple of investment banks and interviewed at a couple others. I trained about 110 new financial analysts, managers and IT types, as part of my role and then introduced them around the dept to the others. You would be amazed how many times they knew one another from previous IBs. It is a very small world.

These companies cross pollinate all the time, so it is same attitude, different place

 

[Retired]

Quote from scriabinop23:

Not to argue stats, but I went to costco yesterday (mid day Friday) and it was as busy as can be. Looked like we are in an economic boom. Barely a space empty in the parking lot. I am in San Diego. This is the oddest recession/depression you can imagine.

People are not dead yet so they all have to shop and eat.

Why don't you go to a Ford or GM dealership? Or go to a Lennar new home community.

 

[PortI385]

Well you sold way too early. GS has bottomed here and will triple easy next year.

Quote from JCVR:

I sold my GS earlier this week in the mid 60's and took a hefty loss, but I knew it was going lower when the market sold off and it saved me alot of money. I still think they can survive and prosper but in this market they are a target and as such they are going to get crushed during every selloff. I think it's a great trade when we get rallies and it will be a great investment when sentiment on the banks finally turns, but for now the risk of it going to $20 is still very real.

 

[Trendytrader]

Quote from scriabinop23:

Not to argue stats, but I went to costco yesterday (mid day Friday) and it was as busy as can be. Looked like we are in an economic boom. Barely a space empty in the parking lot. I am in San Diego. This is the oddest recession/depression you can imagine.

I've been to CostCo a few times over the last few months as well as today. I have never seen it as quite in this period in all my time shopping there over the last 5 years. Today everyone was buying for Thanksgiving and it looked even quieter than a normal Saturday before this great Depression II.

 

[topeak]

Now that GS is become a holding company, how can the stock price go reach the highs again.

They cant over leverage to make huge profits the way they used to.


GS can not make as much money as before. GS will never be the same again.

 

[forestfire]

The Investment Banks have been found out and Goldmans is the last great beast to be felled.
Full marks to their marketing dept for making us believe that they were something special and weren't mired in the same shit as everybody else.
It's interesting the way that they nosedived after Buffet invested. Is this the effect that the Muppet from Omaha has these days?