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As if I CARE what the price of gold is.
I don't get PAID in gold - nor do I BUY stuff in gold.
The price of gold is irrelevant.
Ken
You don't have to care what the price is for it to mean something. You are looking at it from an individual standpoint. I am looking at it from a macroeconomic standpoint.
GS forcast earnings were up but how will the fraud charges afect the earnings?
"Goldman Sachs has forecast earnings before provisions and write-downs for the S&P 500 of $76, 33% growth in 2010 and $90, 20% growth in 2011, using their top down approach. Their bottom up method generated an earnings forecast of $79 or 39% growth for 2010 and $95, 20% growth for 2011. This includes 85% growth from the energy sector, 83% from materials, and 183% from the financial group for 2010." from the link lord balfor posted. Twice the profit from fraud?
GS forcast earnings were up but how will the fraud charges afect the earnings?
"Goldman Sachs has forecast earnings before provisions and write-downs for the S&P 500 of $76, 33% growth in 2010 and $90, 20% growth in 2011, using their top down approach. Their bottom up method generated an earnings forecast of $79 or 39% growth for 2010 and $95, 20% growth for 2011. This includes 85% growth from the energy sector, 83% from materials, and 183% from the financial group for 2010." from the link lord balfor posted. Twice the profit from fraud?
The fraud charges don't affect the earnings of the OTHER companies in the S&P.
What's your point?
The fraud charges don't affect the earnings of the OTHER companies in the S&P.
What's your point?
Ken
The finacial earnings were expected to be up by 183% This input is not going to be there in any way like it would have with out the fraud. The belweather has changed direction. And the flock should follow.
You don't have to care what the price is for it to mean something. You are looking at it from an individual standpoint. I am looking at it from a macroeconomic standpoint.
And from that "macroeconomic" standpoint - the price of gold vs the S&P means what? It doesn't mean jack - aside from the fact that lot of people have piled into gold.
Sorry, but you are NOT looking at it from a macroeconomic standpoint. You are looking at it from a POLITICAL standpoint - and making economic judgements based on your POLITICAL philosophy.
The fraud charges don't affect the earnings of the OTHER companies in the S&P.
What's your point?
Ken
Actually they don't affect the earnings of GS. It may, at some point, if damages are at some point clear. Until then, it may be a good time to buy some GS. But I would hesitate to pull the trigger on that, even though it may turn out to be a missed opportunity.
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