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The Goldman Sachs Group, Inc. Message Board

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  • smoothinvestorguy smoothinvestorguy Mar 16, 2008 12:33 PM Flag

    So Far So Good

    I concur with your sentiment. If Goldman is only writing down $3 Billion, and there are no other suprises, GS investors should be in good shape this week.

    We have the rate cuts coming.

    We have the Visa IPO coming, in which Goldman is the lead along with JP Morgan.

    No one ever thought that Goldman was going to escape unscathed. While no one wants to see Goldman be forced to write off losses, $3B is pennies in comparison to the $250-$350 BILLION expected overall.

    So I would venture to say GS may just rally a bit, as the street was expecting much worse. In other words, I believe the bad news is already priced in. Stock is at a 2 year low!

    Dumbshit amaetuers might dump a few shares in premarket, but I will be looking to add on the dips.

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