Tuesday, October 13, 2009
Meredith Whitney cuts Goldman to neutral
Meredith went on CNBC, and said that October would be a month of reckoning. She said she expected home prices to fall dramatically, bank fundamentals had not improved, and another leg down in stocks was still coming. Goldman, however, still had a lot of "gas" in its tank. I've only found one objective analysis on the web on Meredith Whitney's market calls, and that's right here.
So now you know the definition of "a lot of gas in its tank" on Wall Street.
It only goes to one earnings report!
Posted by Palmoni at 7:51 AM