Goldman Sachs Trounces Expectations

Sure, yet Execs' sold tons of shares, how does that go?!?! I say, SHORT THE GOLDEN SMUCKS!

well it is great support a business adn they prosper. To bad they are letting the small business fail.

Look at property in Lehigh Acres Fla and you won't think the economy is good or on the rebound or anything close to that.

The stock market really doesn't represent the economy's health. There is no integrity in its value any longer. It has been so convoluted and manipulated that one cannot use it as a gauge for anything except a ponzi scheme that sucks people in and takes there money in a cyclic manner.

just a bunch of lucky guys with the right connections in the government spending tax payers' money to dominate the market making that better-than-the-rest profits. That's all!

HA HA! I told you so!... . . jcamel77 - Thursday July 02, 2009 04:28PM EDT I hope you all loaded up on bank shares today because they are going to skyrocket when they report Q2 earnings. Here's why... You know that $80 billion or so they were required to raise as a result of the stress test? Well, there are fees that have to be paid to the underwriters (brokerages like JPM, GS et al) for doing the issue which are typically 3-4% of the issue. Soooo, collectively they earned approximately $3 billion just to meet the stress test requirements. Stock sales in May made the month the most active in 10 years and stock sales = profits!

HA HA! I told you so!... . . jcamel77 - Thursday July 02, 2009 04:28PM EDT I hope you all loaded up on bank shares today because they are going to skyrocket when they report Q2 earnings. Here's why... You know that $80 billion or so they were required to raise as a result of the stress test? Well, there are fees that have to be paid to the underwriters (brokerages like JPM, GS et al) for doing the issue which are typically 3-4% of the issue. Soooo, collectively they earned approximately $3 billion just to meet the stress test requirements. Stock sales in May made the month the most active in 10 years and stock sales = profits!

Is this because they made a fortune in the AIG pay out for all the default swaps?

These guys are not talented. They are crooks in every sense of the word. Plowing money into oil futures and paying local thugs to attack pipelines seems to be their recent investment strategy. Do not bother to bash Obama or Bush as GS is the common denominator in both administrations. You really want your country back? Run these motherfuckers out of it.

The government gave them money. They now think they made money.

Gee what a surprise, the govt. really took care of their friends. Just business as usual thts why we will never see the end of this depression. I think it's time to take back our country from the robber barrons

But would they have survived without taking our money? How big would their profits have been without the stimulus? And the handjob, er, handouts from AIG, who also got "stimulized"? We are getting the shaft without the courtesy of KY or a reach-around.

HILARIOUS! I'M SPEECHLESS AGAIN. Hmmmmm. Paulson, Bernacke and Geitner have pulled off the biggest scam in history. It doesnt matter Democrat or Republican. Goldman Sachs "THE FED." owns these fools. GOLDMAN IS THE MONEY LAUNDERING AGENT FOR THE FED. These crooked SOB's in the words of the Iowa Congressman should do like the Japanese and "COMMIT SUICIDE". WHILE THE REST OF US TAXPAYERS ARE ON LIFE SUPPORT WITH OUR COMPANIES THESE MF'S ARE CASHING IN. This country had turned into a big joke! PS. I wondered why WARREN BUFFET stuck his nose in Goldman Nutsack whilel he publically supported the scam bailout. Figures! Everybody in the GOOD OLD BOYS NETWORK got their slice of the pie. “NUKUJAYHAWK”

Give me 10 Billions TARP plus 12 billions swap and I will manipulate market too.

Why aren't people marching on Washington with pitchforks? Don't the sheeple understand that this is the greatest heist the world has ever seen???? I'm so angry I want to scream!

The "people" wont do anything. They are either too self-absorbed, too scared, too stupid or like us, too few in number.

Don't forget, J&J's number is terrible because earning falls almost 5% Beat the BS estimate is simply not good enough this time around as demanded by the P/E ratio. **************** They need to beat the earnings as I said before. GS earnings are not impressive. There are obviously weak spots. But above all, it sets itself up for a big disappointment down in the Q3 and Q4 as it will NOT duplicate its "success" as the entire NYSE trading is being hotly contested; In addition, the commodity trading is also under investigation. Above all, the public sentiment has shifted. Nobody and no entity is bigger than the PEOPLE. When you are on the wrong side of the PEOPLE, your days are numbered. This is as predictable as the winter is coming in Q4 2009. Speculators need to get out NOW!! When JPM and BAC report later, you will have no time to do so. ON Dark Pool Trading ***************** Now what used to be a several hour process can be done immediately and with dizzying efficiency through dark pools – large blocks of stock can move from buyer to sellers without even the market knowing they traded until at least 90 seconds later. ********************* 90 seconds is ETERNITY with the high speed computing power today. Is this JUST perception? Where are GS servers co-located? How far are they to the NYSE ones physically? ***************** You connect this dot with GS's lion share of NYSE trading volume. What do you come up with???? IS it safe to say that there are enough money and technological means to manipulate the market? What more evidence do regulators need? Is that possible to subpoena no more than 5 technologists, i.e The CTO, or the team leader of back end developer who has direct knowledge of the algorithms such as triggers. We need that key BACK-END database guy!!! Not coders. A coder is a level 3 engineer. We need a level 2 or higher. Once that individual cooperates with the authority,this case would be cracked open in a heart beat. I am going to say this bluntly, there are few people who can command both the finance and IP technology. That is why this highway robbery in the broad daylight has been going for a while. This case is hinged upon these FEW human beings. Very few. You can count them with your left hand. Meanwhile, What is the alternative to this? Grass-roots petition to the congress? Please take your best shot at this as the search perimeter is suddenly getting smaller.

I am surprised by all the negativity. This is great news for America and the economy. It does mean that things are on the rebound. Boo hooing someone elses success is un-American, anti-freedom, and pro-socialist. Surely you can't believe that you are unsuccessful because someone else is successful? That is a victim mentality which lacks in acceptance of personal responsibility - which is the back bone of a free society growth, progress, as well as any degree of personal change or success. Congratulations GS!! I am routing for you.

What did you expect? GS basically orchestrated this "recession" as the big bank with the most influence. Most of their competition is in the dumps, and GS got a bunch of free tax payer money on top of it. These numbers are weak when you think about it.

SG did not trounce anything - they make lower expectations setup. It's all about the mental game with wall street. SG took taxpayer money to stay afloat and then fed of the carcasses off its dying competitors - they have produced no new wealth in the market just reshuffled the ownership of existing wealth and after taking taxpayer money, which the only thing that allowed them to perform - not their people - they "rewarded themselves" for personal failure with huge taxpayer funded bonuses and laughed at Obama all the way to the Bank for being such a total, culable fool.