StockJockey

How Much Are Goldman's Level 3 Assets Worth?

Throwing Lehman into the mix was unfortunate. It has been Lehman;s CFO, not the CEO, that has been taking the face of the firm while Dick Fuld hides in his bunker. John Mack from Morgan Stanley and Lloyd Blankfein are the ones trying to predict the end to the credit crisis.

Erin Callan appeared on Bloomberg TV Friday and was quite candid; she might eventually earn Lehman a better multiple given her attempts at transparency.

Goldman's valuation relative to the other brokers is the big issue. Perhaps Goldman deserves a premium, but it is likely too generous at the moment.

here is a link to Erin's TV appearnce friday-judge for yourself.

tinyurl.com/54plds

Personally, I think that $140 level in GS will hold, but it might be tested again. Stock might be due for a bounce soon though-last week was horrible for the shares.