Goldman Sachs Group Inc. (GS)
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- All Comments on GS
- General Discussion on GS
- Buffett's Berkshire: 14 Stocks That Have Gone Up [view article]
- Apocalypse Dow: The Search for Scapegoats [view article]
- Back Room Deal? - Cramer's Mad Money (10/10/08) [view article]
- Friday Options Update: MS, XLF, WFC, GS, ZION, XRAY, FDRY, HA, GM [view article]
- Jim Cramer's 10 Predictions for 2008 [view article]
- The Credit Bubble: Deregulation Gone Wild [view article]
- Buffett Buys GE, Goldman: Should You Follow? [view article]
- Latest On Hedge Funds, Banks And Bailouts [Housing Tracker] [view article]
- Why Is Everybody Selling as Buffett Is Loading Up? [view article]
- Attractive Values - Fast Money Recap (10/7/08) [view article]
- Wall Street, R.I.P. Now What? [view article]
- Pay Little Heed to Economic Reports and Move On [view article]
loading ...Recent GS Articles
- Single Worst Week - Fast Money Recap (10/10/08)
- Apocalypse Dow: The Search for Scapegoats
- Friday Options Update: MS, XLF, WFC, GS, ZION, XRAY, FDRY, HA, GM
- Attractive Values - Fast Money Recap (10/7/08)
- Latest On Hedge Funds, Banks And Bailouts [Housing Tracker]
- Buffett Buys GE, Goldman: Should You Follow?
- Pay Little Heed to Economic Reports and Move On
- Why Is Everybody Selling as Buffett Is Loading Up?
- Is Citi's Gain Wachovia Shareholders' Loss?
- TARP Passes - Now What?
- Full List of Articles »
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Irate Icahn - Fast Money Recap (9/19/08) [view article]
Kinabulu -- Icahn hasn't made any money for anyone but Carl Icahn in a very long time. There's a review of his record at:www.alleyinsider.com/2...-
It ain't good. . . Reply
Bargain Basement Stocks [view article]
In addition to GS, let's not forget Warren stuffed some candy into CEG as well. CEG Book Value p.s. of $36.17 currently trading at $28.62 just last January was trading $101.91. There are some strong companies out there, there are some big boys with $$ in Operating Cash Flow and Levered Free Cash with strong dividend yields. No crystal ball here, but with a little home work, you'll find the market agrees, people need utilities, food, and medicine. Not to mention a little toothpaste and mouthwash in the morning don't hurt either. ReplyVolatility
How Banks Hedge Counterparty Risk [view article]
I'm thinking that in order to prevent this financial massacre going forward there must be capital and collateral ratio requirements that CDS counterparties must follow to make sure they can honor existing swap obligations if their portfolio holdings are written down to distressed levels. Maybe there were ratio requirements in place, but obviously they did not factor in credit disaster risk and look what happened. I wrote a post on how we could prevent the next llliquid cds crisis, and would like to hear more about how CDS transactions were structured during the past few years......d.volatilit... www.distressedvolatili... ReplyBargain Basement Stocks [view article]
Usually the name Buffett associated with any stock gets a nice bounce withing a few weeks of his investment. The name alone makes GS a "more stable" investment. Buffett doesn't like to lose money on his investments and it only makes sense to shadow someone who make brilliant decisions. ReplyBargain Basement Stocks [view article]
DID YOU SEE WHO IS BUYING SHARES OF REPUBLIC ALMOST EVERY WEEK LATELY?Reply
Buffett on the Credit Crisis: 'An Economic Pearl Harbor' [view article]
It shows that if he had 700 billion he'd invest instead of the government. The government will profit off of this. ReplyTARP Passes - Now What? [view article]
Paulson doesn't have any dilemma on his hands: he is going to ignore this additional fluff from Congress and do what he wanted to do: transfer the losses on the mortgages from the banking industry to the American people. ReplyTARP Passes - Now What? [view article]
the banks can only sell to the fed at a price at which they are prepared to take a loss. if the price is too low the bank will destroy its asset base. this is the oppositions primary argument why this program will not achieve its intended purpose.i have been converted to the nationalization of banks camp. this gets money (credit) flowing immediately, allows the government time to work the toxic crap off of the books, and costs literally nothing. Reply
llsouth.net
Bargain Basement Stocks [view article]
Glad to have sensible new stock picks. I've considered BKC also looking @ WMI The trash still goes & may merge with Republic ReplyNowotarski
Goldman Sachs's GSTrUE : A Child of Regulatory Decay [view article]
Should Goldman be granted a patent on GSTrUE? Their patent application is now open for public comment at www.peertopatent.org/p...The comment period closes 12/31/08 Reply
How Banks Hedge Counterparty Risk [view article]
Right on copperbaron. Now the gigantic leverage employed makes sense. I guess in my simple mind it is like buying a stock, selling a call and buying a put. Theoretically you are all hedged up against loss and if you can put this position on with even a small positive return you just keep doing it, because leverage isn't seen as a danger. Especially if you are a GS, LEH(MQ) etc and can do everything really cheap. However if the stock plunges (lets just use MOS because it seemed so unlikely based on the fundamentals) and the seller of the put goes under and can't buy from you at a much higher price, your hedge just went bye, bye. Now you have to mark to the market, meet the margin call, end up long and hope for the best or sell the stock and owe your brokerage firm lots of money. Ouch.Gets a lot worse if you can't sell the stock or more calls, kind of like the "seized up" credit markets. Then you are stuck and hope Uncle Henry can bail you out. I think I am starting to have an inkling of what is going on.
Ah, I love the smell of deregulation in the morning. Reply
How Banks Hedge Counterparty Risk [view article]
>>Big Al45 - you asked: Do CDS' serve any business purpose or is it just an unregulated form of gambling. <<Your question is much more relevant to where we are today than the detailed explanation above of how this whole sordid business operates.
If it isn't clear by now that the whole derivatives fiasco is just a gigantic heap of nonsense, that 'employs' people in a huge gambling racket, then it will never be clear.
We have allowed a bunch of gangsters with high-tech computer models (many of those obviously being quite flawed) to take on enormous risks and obligations, and to sink our financial system.
All the thick-skulled professors and economists have blinded one another by arguing about theory and models, when in the real world, a lot of this just doesn't apply. These guys breathe so much chalk dust that their thinking becomes impaired.
The gargantuan pile of global derivatives, some $600 trillion notional, is just a screaming joke. Most of these bets could never be paid - now everybody is holding fistfuls of questionable paper, and begging for bailouts when they are called upon to cover their bad bets. If it weren't such a tragedy, it would be screamingly funny, for sure.
We need to collapse this sick business pronto - I would love to see the derivatives business wound down to maybe 1/20th of its present size, and throw thousands of these pathetic jokers out of 'work.' Admittedly, I use the terms work and employed rather loosely - this is a floating crap game, with thousands of shifty players making promises, for which they often do not have enough money to even play!
If AIG can't cover, for God's sake, then who can? What an absurd mess we have, and I don't want to see any more crooks like our Treasury Sec coming forward with hand outstretched, looking for a loan that will NEVER be repaid. Reply
Goldman Sachs vs. Morgan Stanley: Battle Of The Banks [view article]
why don't they become one bank ? ReplyHow Banks Hedge Counterparty Risk [view article]
What I want to know - if anyone out there can understand what I'm asking - is why this "meta-hedging&quo... (if you will) does not ultimately reduce to a "martingale"...At some level, the logic seems to be that the more the bank bets the more the bank reduces risk - ad infinitum. But this seems to me to be quite wrong as the frictional costs of unwinding so many trades will be prohibitive - especially in a market without definite and high-speed clearing mechanisms. Reply
Goldman Says "Trust Us" [view article]
Looks like the market has has enough of human greed and is adjusting itself. Just like mother earth..... Reply