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mowjo

mowjo
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  • Sen. Dodd expects to move forward with financial reform legislation this week, and Dodd and Rep. Barney Frank believe the Goldman case will make it difficult for Republicans to oppose it.  [View news story]
    interesting timing................
    Apr 19, 2010. 03:36 PM | 4 Likes Like |Link to Comment
  • Following its fraud charge against Goldman (GS), the SEC is investigating whether other Wall Street firms misled investors over mortgage investments. But while the SEC can brag that it's sending a warning to Wall Street, it's also putting its own reputation on the line.  [View news story]
    I have doubts about the SEC now mainly because of the timing of the announcment. Was it necessay to make the announcement during market hours? How many other stock prices were clobbered along with GS. Would the decline in the price of unrelated stocks been as high? I don't think so. I think the SEC should have waited until after the close of the Market and given the markets the weekend to settle out. I'm not questioning the validity of the suit. But, I do think the timing sucked.
    Apr 19, 2010. 09:09 AM | Likes Like |Link to Comment
  • Barron's Andrew Bary says Wall Street's reaction to the Goldman Sachs (GS) fraud charges is overblown. "Patient buyers of Goldman stock probably will come out ahead, given the company's low valuation and the likelihood that even a defeat at the hands of the SEC probably will be financially tolerable."  [View news story]
    Why did the SEC announce this during Market hours? The FDIC doesn't even announce nickle/dime bank failures until after the market closes. At the very least, I would say the timing of the announcement was not very well thought out.
    Apr 18, 2010. 04:48 PM | Likes Like |Link to Comment
  • Warren Buffett takes a $1B (paper) haircut on Goldman Sachs' (GS) Friday plunge, and a hit to his reputation too.  [View news story]
    The time to get greedy is when everyone else is fearful. Buffett said something like that. I'm personally going to watch this closely. This could very well be the best GS buy opprotunity in a long while. Initiate a position in a day or two and then add to it on the rise.
    Apr 18, 2010. 04:37 PM | Likes Like |Link to Comment
  • Stocks follow Goldman Sachs (GS -12.3%) downhill after the bank is charged with fraud by the SEC (complaint, .pdf). Financials are down nearly 2%; The Dow -0.7% to 11,064; S&P 500 -1.5% to 1,193; Nasdaq -1.1% to 2,488.  [View news story]
    I would double my position in GS if I had the bucks!
    Apr 16, 2010. 11:30 AM | 1 Like Like |Link to Comment
  • Atlanta Fed President Dennis Lockhart: Economy's "well into recovery, perhaps as much as 10 months." Necessary housing stabilization is in progress, but it'll be slow. We still need "the strong medicine of low rates."  [View news story]
    Are sure?
    Apr 15, 2010. 02:10 PM | Likes Like |Link to Comment
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