Bloomberg reports that Deutsche Bank's Mayo cut his LEH Q3 loss est to -$2.68 from +$0.33 (consensus $0.00). Deutsche's Mayo also cut 2008 and 2009 ests, and sees additional mark-to market losses. Firm cut their LEH tgt to $32 from $42.
They are fucking the whole finan sector Down grading GS downgrading LEH Hope Gs come out and says something man GS = the stock market Only GS can save all the financials
DB is downgrading GS because of the fact that GS will be weak together with its peers. Nothing bad about Mayo's statement. Some people think that GS is indestructible, but they were also hurt like the others. GS Alpha Fund = Say it all. 40% fall? Renaissance managed to do it with only 7%, what's so wrong with this fund?
GS looking better fundamentally or technically? I have been consolidating long puts on it for a little under a month.. the ride has been pretty sweet so far, especially since last friday. Hoping to see it down around <=140 in the coming weeks. lets see how that goes..