Yep called it Goldman would beat estimates but the big news is that they want to pay back TARP money ASAP because they don't want to be constrained by the government on their lofty pay packages.Folks this is the most corrupted system I have ever seen in my life. Goldman Sachs borrows taxpayers money to save themselves and then the government rigs the rules so they don't have to take any writedowns and then their stock skyrockets to $130 a share for really no reason. FOLKS THIS IS STEALING!!!! And what does the taxpayer get ZERO nothing NADA.
I have no love for GS because the are the ones that created the the problems and now again they have abused the system because of their inside connection and now have stolen from the taxpayers.
Anyways these earnings on the financials are important I believe. I do believe we either very close to a top here or we get one more push on them then crash and burn. The big question is how far do they pull back. I am telling you this they will be lower next year this time for sure, I can bet my life on it, but who knows maybe BAC goes back to $40, GS goes to $250 and citibank goes to $25 but I dont think I would wait for that dream.
I am still under the weather and just waiting and buying time for the market to give us better trading opportunities. The time to be patient is NOW.
MARKETJEDI
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- Charlotte, NC, United States
- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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