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Ignore The Hair-Brained Media: Four Tips To Combat The Limp Economy
Want to see an example of lazy, misleading journalism?
Look no further than some financial media outlets, who promptly heralded the end of the recession after some good earnings reports from the likes of Goldman Sachs (NYSE: GS) and Intel (Nasdaq: INTC).
But Goldman investors should thank the men and women at the company’s trading desks for their profits, as the bulk of the company’s gains came from trading, not underwriting. A meaningful increase in debt and equity underwriting would have signaled some health in the markets.
Intel also blew its earnings estimates away, but the firm’s profits were still 75% lower than the same…
20Jul2009 | Smart Profits Report | 0 comments | Continued
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