Friday, April 16, 2010

Goldman Sachs update....(GS)

This SEC fraud charge is going to be blown so far out of proportion it's not even funny...

Just so we're all clear on this...Goldman made a whopping $15million on this deal, and the fallout is resulting in a $10BILLION DOLLAR hit to its market value today...because some investor lost money on a reckless trade and is suing to cover its a$$....

Goldman's response:



We're going to see politicians and newspapers engage in some of the most reckless faux-populist uniformed drivel the world has ever seen.  In the end, shares will head higher.  I just bought a (VERY) small position, and I suggest you do too.

Copyright 2010 AlphaNinja

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