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July 2009
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Goldman Sachs beats earnings!

So, this is the exact bull shit that I’m continuously talking about. The first call for GS was EPS of 3.54; today they announced EPS of 4.99. Yesterday, before the number, Goldman Sachs moved from around 140 to 150 in a single day! Note, this was before earnings were released. Yet today, after a huge blow out numbers, the stock is actually trading down pre market. I expected this today simple because GS executives will need to dump shares into strength. I am 100% certain that the information was leaked (or the very minimal hinted) by the early announcement of huge record breaking bonuses for their employees. At least that was how I assumed they would have record breaking number, that and the fact that they received 25 Billion from AIG. […]