The attitude toward financial stocks changed today. Goldman Sachs came out of the gate early with their earnings just as Wells Fargo did. However, the market was more prepared for sky high earnings and, what's more important, had a general consensus as to why (see previous posts). There is now talk of federal investigations into Goldman Sachs and their dealings with AIG. There is also talk of investigating former Treasury Secretary Henry Paulson about possible conflicts of interest he may have had with the firm he was formerly CEO of (Goldman Sachs). All I can say is puts on Morgan Stanley and Goldman never looked better.
Sent via BlackBerry by AT&T
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment