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"Here we go again," says a Goldman report sent to its top institutional clients. The letter -...

"Here we go again," says a Goldman report sent to its top institutional clients. The letter - noting disturbing similarities between now and 2008 - claims $1T of capital is necessary to shore up Europe's banks and recent policies of solving a debt problem with more debt don't work. For what it's worth, stocks are 10% higher since the release.
Comments (7)
  • spald_fr
    , contributor
    Comments (2707) | Send Message
     
    gs3
    1 Sep 2011, 08:49 AM Reply Like
  • Tom Armistead
    , contributor
    Comments (5227) | Send Message
     
    Maybe the writer of that GS report should be invited to go on CNBC or Bloomberg with Abby Cohen, the two of them could chat together and reconcile their viewpoints for the enlightenment of the investing public.
    1 Sep 2011, 08:56 AM Reply Like
  • mowjo
    , contributor
    Comments (96) | Send Message
     
    I have become so cynical. I have a hard time taking bull or bear opinions at face value. I continually think there is an ulterior motive. SA why wait two weeks to post this? Is GS wanting to protect their shorts of financials in Europe. Or, is it really true. Whatever happened to integrity. Man there are times when I don't believe myself.
    1 Sep 2011, 09:02 AM Reply Like
  • Tack
    , contributor
    Comments (12811) | Send Message
     
    Instead of punditry, here's what you need to consider:

     

    August same-store sales vs estimates:

     

    BJ +11.5% vs. +7.8%
    COST +11% vs. +9.3%

     

    These are facts, not opinions.

     

    P.S. Keep in mind that these results occurred while August was having one of its worst stock-market months in history.
    1 Sep 2011, 09:02 AM Reply Like
  • mowjo
    , contributor
    Comments (96) | Send Message
     
    good point Tack.
    1 Sep 2011, 09:12 AM Reply Like
  • J 457
    , contributor
    Comments (947) | Send Message
     
    8 of 11 from this week missed expectations. You chose two that beat. Seems more retailers are missing than beating.
    1 Sep 2011, 09:32 AM Reply Like
  • Tack
    , contributor
    Comments (12811) | Send Message
     
    J:

     

    Overall, there were 11 beats and 8 misses. Even some of those that missed reported robust advances in sales.

     

    And, go look at who beat and who missed. Those that beat are names with much more significance and size than those that missed.
    1 Sep 2011, 09:36 AM Reply Like
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