wait for a clearer picture on the european mess before going long the financials including gs. if greece files, things can get messy fast, a few more months...
Its called " insider dealing"- all the bank boys know the figures before they are released- no way governments can control that, despite what they tell us
I think that GS has a lot of crappy assets just like BAC. I would not be suprised to see GS go down just like LEH and BSC. They are a bank now and if the hedggies get nervous they pull the money out in droves and voila financial collaspe.
I don't own GS, but don't understand the sell-off. There's this Greece thing, but it's been going on like for two years and you'd think the market has already priced it in and GS had a plenty of time to deal with it. Didn't GS have record profits about a year ago? Do you guys think GS would be still overvalued at $75?