Goldmam MISSES estimates by $1.24

Reports Q4 (Nov) loss of $4.97 per share, $1.24 worse than the First Call consensus of ($3.73). Goldman Sachs reported Q4 negative net revenues of $1.58 bln and a net loss of $2.12 bln. The firm's Tier 1 Ratio was 15.6% at the end of the year. The firm's investment banking transaction backlog decreased during the quarter and ended the year significantly lower than at the end of 2007

 

GS will be up 10% today. S&P will be up 3%.

 

The next ponzie scheme. Don't think so, wait and see.

 

10% at the open, then lets see what happens.

 

And they try tell us that the market is NOT a Casino......

 

LOL

 

negative revenues?watch out below. these guys had negative cash flow when revenues were pretty high

 

The only way they make money is buy fooling someone else. This business model is doomed for now. Maybe they can hang on with our tax dollars. They have spread around alot of money to crooked washington congress men and women.

 

Not only that, but they have one of their own handing out the TARP money.

Remember the day Paulson leaked news about a RTC like facility in the late afternoon was the same day Goldman finally started getting hit hard by the shorts in the morning.