Goldman's earnings off by 11% - what's this mean for the sector?
Goldman has held up rather well throughout all the recent turmoil in the finance and credit markets. Now that Goldman is also feeling the pain a bit, is this the tip of the iceberg or just a one time occurrence?
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546 points
warren answered one year ago …
GOldman has been outperforming their peers and they will continue to maybe it has something to do with were their former employees work now....but maybe not. If their earning are bad, the rest of the sector is much much worse. Did you see last week when the total notional value of derivatives surpassed a QUADRILLION dollars? Crazy times!!
Warren,
www.preciousmetalstockreview.com
435 points
larryat36 answered one year ago …
Being more or less the standard other in the sector are compared to, I see no way that it can do anything but bring the whole sector down.
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