Goldman's Research Team Has Lost Cred

Quote from ByLoSellHi:

With the likes of 'star' analysts like Abby Joseph Cohen, I never realized Goldman Sachs had any credibility.

Everyone do yourself a favor and conduct this simple and very little time consuming exercise - track the stocks that Goldman upgrades, and downgrades.

You'll see a definite and inverse pattern emerge in short order.
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agreed and not sure at all why anyone would expect otherwise. would goldman participate in benevolent activities to support the interests of the average stock picker? this is likely not how they make 100 million in a day - that would be taking the other side of the trades they talk up...
 
Quote from niceneasy:

agreed and not sure at all why anyone would expect otherwise. would goldman participate in benevolent activities to support the interests of the average stock picker? this is likely not how they make 100 million in a day - that would be taking the other side of the trades they talk up...
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So why does the public listen to them? Can't they see that they are being fleeced?
 
Quote from Pascal:

Oh, hell yes.
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Oh, hell fuckin' no. Gov't Sachs soon to run out of stimulus check.

Then it will be back trying to get in back pockets, admittedly becoming more and more difficult as their propaganda brokerage arm is ignored.
 
Analysts at Goldman Sachs on Friday added Microsoft Corp. to their conviction list, and their rating on the software giant's stock is a buy. They see potential for the company's earnings to beat estimates, based on "the combination of better revenue drivers, improved expense management and sizeable cash balances," they wrote. Goldman also raised its price target on Microsoft's stock to $29. Shares of Microsoft gained about 3% in midmorning trade to $24.23.
 
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