Wednesday, December 19, 2007

Investment banks

Morgan Stanley (MS 48.07) writes down $9.4 billion for the 4th quarter, and gets $5 billion from China for a 9.9% stake. The market now should re-asses Goldman Sachs (GS 201.51) who made $11.6 billion last year, that sold off on that news? Only investors scared of the future would of sold GS on that news.

1 comment:

Anonymous said...

“In the stock market hope gets in the way of reality. Hope gets in the way of common sense. If the stock market turns bearish and you're staying put with your whole position, and you're hoping that what you see is not really happening, then welcome to Poverty City.”