JCC

The Secret Paulson-Goldman Meeting

So what!! Goldman is amazingly successful, and so is Paulson. You make this sound horrible. It's just a meeting.

The whining can continue, and the others will make profits.

More Goldman-Paulson Tarnish

Um - I expect all of this ranting and raving to continue for some time. It doesn't matter the size of the emergency that we faced, or the fact that we seem to be recovering.

All that matters to many is that we kill the successful companies, because of conspiracy theories.

This is analogous to the Salem Witch Trials. So keep it up folks and you can burn success at the stake and kill our society and capitalism.

Goldman: Is Its Trading Performance Statistically Reasonable?

Tiny Tim - When I purchased Goldman, I already knew about the support of AIG. Without the support of AIG, I would not have purchased the stock.

I think that the argument on statistically impossible percentages is ridiculous. I have personally had fabulous results since the crash last September. Anyone with common sense has been able to spot winner after winner. The crisis made it easy for a while (probably a year).

Too many let their personal prejudices and animosity get in the way of solid reasoning.


On Aug 06 12:09 AM TinyTim wrote:

> Yes sir, JC. Don't look a gift horse in the mouth.
>
> But don't forget, if it wasn't for the Treasury boosting AIG, Goldman
> would be down the tube like the others. Classic TBTF, Greenspan short.
> Winner, winner, chicken dinner.
>
> Per the above comments, I don't think Goldman's trading performance
> has anything to do with stats. It's not like PokerStars.
>
> Also, to deny the existence of statistically unreasonable trading
> returns denies the possibility of legal "breakthrough" trading systems.
> This isn't like HFT (which apparently is transistorized front running),
> but more like finding obscure correlations, Rich Dennis / Turtle
> trading MA's, or even card counting at blackjack.

Goldman: Is Its Trading Performance Statistically Reasonable?

Goldman Sachs is going to $400 per share. The are earning $5.00 per share per quarter or ~$20 per share per year. Good investors should recognize the opportunity.

Sorry, but Goldman makes their money legally. Yes the competition is gone, but investment opportunity is golden.

Five Reasons the Market Could Crash This Fall

"I am officially going on record now and stating that IF the S&P 500 hits 1,000, we will see a full-blown Crash like last year."

The S&P 500 is above a 1,000. If it doesn't crash, what will be your penalty? Will you admit that your premises are incorrect?

Why I Bought Goldman Sachs Friday

I purchased GS in November 2008, and am certainly glad that I did. It has been a great investment and continues to get stronger. For the coming quarter the high earnings estimate is $4.46, based upon the last quarter, and the removal of TARP related expenses, the earnings could be higher.

GS should be riding high for some time.

As you have probably seen on other articles, many consider those who purchased GS to be immoral. I see as smart investing!!

Goldman Sachs: Still Arrogant and Unrepentant

I did - I purchased GS stock after the bailout. My reasoning was that they were in pretty good shape and would soon pay the moneyback. I also felt that after the financial meltdown that they would profit handsomely. It turned out that my logic was correct. Furthermore, I think that they have a year or more of unbelievable earnings in the future.

For the record, GS did nothing illegal. You might not have agreed with the TARP, but it critical last September to stem the financial meltdown. The monetary supply was not flowing, and similar to your vascular system, this would have resulted in an economic heart attack.

No question we need to stengthen the regulatory environment to avoid or mitigate a future meltdown. Also we need to modify the system so that businesses will not be able to jeopardize the future for a near term quarterly report. But in our society, as businessmen, we have an obligation to return earnings to our shareholders providing that we don't break the law.

I have to say that I am amazed at all of the negative chatter from many of you. These views certainly prevent you from making good investments, and they almost sound anti-capitalist.

On Jul 26 12:24 PM Chemist29 wrote:

> if you think goldman makes too much money for its shareholders, buy
> the stock.

The Next Goldman Acquisition

I'm laughing and smiling. I purchased Goldman in November. It is a great investment and I don't know how high it will go. They really have it made for some years.

What a good deal investment!!!

In Support of Goldman Sachs

The idiocy is in failing to understand the horrific results of allowing AIG to fail – 1000 or more additional banks and other financial institutions accompanied by significant additional financial meltdown – possibly leading to a depression.

The idiocy is in failing to see the tremendous opportunity from Goldman after the meltdown. You should have seen it and invested.

The idiocy is not appreciating the turnaround at Goldman, and now in many other financial institutions.

Oh well, many of you let your emotions keep you from making good investments. As the last investment bank left standing, Goldman has it made for the foreseeable future.

Why This Week Has Been the Year's Best for Banks

Agreeing with Warren Buffett, I purchased Goldman after the crash. On paper, I have a significant profit. It looks like Goldman will be in the catsbird seat for some time, with a probability to double or more again.

Goldman is in excellent position, and even at todays prices provides a very strong investment opportunity. They really have it made for the foreseeable future.

U.S. Government's Economic View - From Gloomy to Optimistic

On Apr 19 11:43 AM rennert wrote: "I thought the market and the financial tv stations are talking suddenly as if everything is fine and wonderful. They even shut Robbini up. I guess they stuffed a big sock into his voice box."
----------------------...

First of all it is Roubini and not Robbini. Secondly, he has reported multiple times that he agrees with the Geithner plan. They did not stick a sock in his mouth. Following are three Roubini quotes:

"In my view, the Geithner plan can work for those banks that are going to be found after the stress test to be solvent. They still have toxic assets. You have to buy them. That is a good plan. But if some banks are found to be insolvent beyond pale, then that plan doesn't work because then the write-down implies insolvency. For those banks, I'm still of the view that you would rather take them over, rather than keep them as zombie banks, clean them up and sell them back to the current sector."

Secondly Dr. Roubini states:
"There’s still some pain ahead. We’re going to lose $3.6 trillion when all is said and done. The nation’s banking system is essentially insolvent. And even if all the government intervention works perfectly, there’s so much to repair that the recession will not end this year. Even in 2010, economic growth will be far from robust. And the nation’s unemployment rate, which will remain high after the recession recedes, may peak at 11 to 12 percent."

Thirdly from Dr. Roubini:
"The worst of the credit crisis is behind us. Roubini says the economy is beginning to heal from last fall’s market tumble and the financial system crisis, in large part because of aggressive government fiscal and monetary policy. "

I mostly agree with Dr. Roubini. In addition, we have multiple investment opportunities as we recover from this world wide financial crisis:
1. Selectively invest in stronger banks - Some of them are amazingly good deals, even today. With the government actions that were required to thaw the financial markets, banks have capital at a very low price. Many will will continue to sky-rocket for some time.
2. Energy should start to recover, and since exploration and development have stopped, the resulting recovery will provide great opportunities. The world needs energy.
3. Asia is already recovering, and will recover much faster than the rest of the world.

For the rest, a lot of damage has occurred and will take quite a while to recover. But recovery is happening, providing that the world continues it's efforts to stimulate. James West, you are correct it is a fish market. It's time to go fishing.

FASB Unlikely to Suspend Mark to Market

It is ridiculous to use Mark-to-Market in lockstep to a crashing market. Perhaps something like a one year moving average would be better. Marking assets down with a crashing market is absurd. Marking them down, when you expect them to stay down is reasonable.

If we get out of this mess, many assets will recover. Mark-t0-Market has caused panic selling and added to the overall decline.