Goldman Sachs (GS) has been able to stay above the fray more than most of its (former) competitors over the last 6 months. Its share price has stayed above single digit-ville and Buffett‘s investment in the company was seen by many as the Omaha Good Housekeeping Seal of Approval. Now that AIG has been incinerated…
TheStreet.com
Mooooooody's Tries to Prove its Not a Joke
This is classic. After years spent gorging itself on fees from slapping paid-for “quadruple A” ratings on junk bond garbage, Moody’s (MCO) has decided now, in the Spring of 2009, to start downgrading stuff. Not only have the horses already bolted the barn, the barn itself has burned down and is a pile of smoldering ashes. Moody’s put…
Hot Links: Doug Kass, DinoTrader & Jamie Dimon
Hot Links for Weekend Reading: Earlier this week, in print and on Kudlow & Co, Doug Kass of Seabreeze Partners emphasized that he felt the market was printing a significant bottom at these levels. Regular readers of TRB know that Kass is my fave pundit/ commentator and his bottoming call is an important one. It’s…
Doug Kass Rolls Out 2009 Predictions, Ignore Them At Your Own Peril!
In taking a page from Byron Wein of Morgan Stanley fame, Doug Kass has been listing 20 outlying possible events for the coming year for a while now and in ’08, he absolutely killed it. 60% of his 20 predictions for 2008 came to pass, including some of the more far-fetched ones.
Yesterday, Kass’s 2009 list came out…
