Quote:
Originally Posted by pocketkangaroo
They are all going to go man. None of the major ones can stay afloat without someone buying them out. They are better off selling now instead of doing what Lehman and Bear did and wait till it's too late.
Reports are that Goldman will report over a 70% drop in earnings while JP over 40%. The biggest worry is how much exposure these guys had to Lehman and Merrill.
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i am not sure about your background but i have a financial background
i know goldman
GS and JPM are healthy... fuck... even if earnings drop 70%
they are BY NO MEANS comparable to BS or Lehman
look at JPM
they outperformed the SPX by over 10% this year the last time i checked