You obviously have no clue so let me clue you in...
Nearly ALL the analysts that cover GS expect GS to have writedowns this quarter. On the low end, one analyst expects about $1.9Billion in writedowns. ON the high end, one analyst expects GS to report about $3.9Billion in writedowns.
LISTEN UP! GS WILL HAVE WRITEDOWNS THIS QUARTER. But they are SMALL in comparison to the $270-$350 BILLION in writedowns expected overall!
The $3B writedown reported by LT is NOT A SUPRISE!
But, if they report a write-down after denying they would, then how can you trust any report they make?
BSC management denied liquidity problems last week, yet became insolvent in just two days.
I know that GS won't fail, but the question is how low will they go? If they report a write-down, the Press is surely to hit upon the fact that they denied they would. Will surely roil the markets even more.