jt77

Goldman Starts Getting Smaller

Let's see...
1. No Tier 3 capital loss writedowns reported. This will probably come in the January Stub Report.
2. Big time pay cuts. Without them, losses would have EXCEEDED Meridith Whitney's estimate.
3. M&A business expanding? REALLY?
4. Usually, when a stock blows estimates like this, it's price goes down. Here, it skyrockets. Bloomberg reports the reason is that the losses beat the most pessimistic estimate. Would they say that for anybody else?
5. Just a hunch, but GS is probably abusing its rating's arm - taking short or long positions just before announcing downgrades or upgrades to the lemmings.