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Goldman Sachs (NYSE: GS) Really Does Rule The World
In Wednesday’s edition of the Invest With An Edge newsletter (to which you really should subscribe if you haven’t already), our Quote of the Week came from Goldman Sachs CEO Lloyd Blankfein. He said “We’re very important… I’m doing God’s work.”
Yes, Blankfein really said this. Follow the link above if you don’t believe it. Even more amazing, he said it to a reporter, during a scheduled interview, knowing whatever he said was on the record.
Now I will admit that in context, Blankfein had a point. The financial system provides funding for new businesses and jobs for people. Most would agree these are…
16Nov2009 | Invest With An Edge | 0 comments | ContinuedAn Amazing Two Weeks
Overnight, the most unusual two weeks in many years jumped off the launch pad
Just two weeks ago, global stock markets, including the U.S. market, had been down four weeks in a row, seemingly ending their big rally off their March lows.
Just two weeks ago, previous talk that ‘green shoots’ in the economic numbers indicated the recession was bottoming, had given way to renewed concerns that the bottom was much further off than had been thought.
Just two weeks ago, the White House, Federal Reserve, and Treasury Department were warning that the economy still faces sizable problems that will keep the…
Stock Shopping in the Bargain Basement
In the aftermath of the failed bailout, the markets are still tumultuous, and most of us financial pundits are kept busy providing either commentary about the colossal lack of judgement on behalf of Wall Street and the federal government, or giving people advice on how to weather the financial storm. I’ve already discussed some of the storm-weathering steps you can take, but this time around I’m going to go a step further and discuss how you can take advantage of the market-wide decline in stock prices.
Invest now? Are you Crazy?
If you’re like most people, risk-taking is the last thing you…
2Oct2008 | Oxbury Research | Comments Off | ContinuedGoldman Weathers Storm, Barclays Bargain Hunts
Goldman Sachs Group Inc. (GS) and Barclays PLC (BCS) yesterday (Tuesday) continued to avert the perils posed by the economic catastrophe that has ensnared the financial sector, as the former reported earnings that, again, topped Wall Street estimates and the latter endeavored to pick apart the remains of the languishing Lehman Bros. Holdings Inc. (LEH).
Third-quarter profit at Goldman Sachs fell 70% to $845 million, or $1.81 a share, from $2.85 billion, or $6.13 a share, a year earlier. The three months ended Aug. 29 amounted to the worst quarter for the firm since it went public in 1999, but results still managed…
17Sep2008 | Money Morning | Comments Off | Continued
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