S&P cuts outlook on LEH and Goldman with markets closed

Quote from MrDODGE:

Everything the past several months has had interesting timing.
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Agreed - very true. Pretty amazing to me though - the market wouldn't budge thursday for a minor pullback. But the futures sure sold off immediately at the close - maybe someone had a crystal ball and was positioning. Guess it wouldn't be the first time. Sunday open should be interesting.
 
relax everyone:


"S&P adopted a "negative" outlook -- meaning it could slash ratings within the next two years -- on the brokers to account for the potential for a more precipitous decline in profitability from the capital markets."
 
Documents filed with the Securities and Exchange Commission on Thursday March 20 show that Goldman's President and Co-Chief Operating Officer Jon Winkelried sold some 30,000 shares at about $173.85 each, totaling approximately $5.2 million, from Wednesday to Thursday. Vice Chairman Michael Sherwood unloaded some 7300 shares at a per share price of about $174.85, totaling close to $1.3 million Wednesday. Goldman could not be reached for comment.
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Maybe they just needed to buy a few more maybach. Nothing to see here folks :D
 
we're looking more and more like socialists every day. timing releases after hours, bear merger "needed" to be done before asian markets open, inflation numbers reported based on very arbitrary metrics (that seem to come in unusually low), i could go on...its getting spooky out there. once fed buys all the mortgages from hedge funds/fannie/freddie, we're gonna be a small step from just privatizing the entire US.

why is ben so scared of a 20% market decline from here??? thats not his f job
 
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