Comments on: Goldman Profit Falls 70% http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70.html Sun, 22 Nov 2009 07:56:24 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Richard Kline http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70.html#comment-15568 Richard Kline Tue, 16 Sep 2008 23:12:00 +0000 http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70/#comment-15568 When others are losing their heads, only losing your ass is a win. ---And GS only lost its lunch! Not bad, in context. We have at least one crew of universal masters running before the wind . . . until we don't. When others are losing their heads, only losing your ass is a win. —And GS only lost its lunch! Not bad, in context. We have at least one crew of universal masters running before the wind . . . until we don’t.

]]> By: Cash Mundy http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70.html#comment-15534 Cash Mundy Tue, 16 Sep 2008 16:09:00 +0000 http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70/#comment-15534 Yee Haw! Look at my +GSMT Jan@100 puts go! Still $30 out-of-the-money and already trading well over $10!<br/><br/>[Lackey's note: Mr Mundy is spending far too much time in his Trading Bunker, where he has "Ice Station Zebra" running on at least three of his monitors. At last report he was seen spinning in his chair cackling "I'm Rich, Byatch!" An American nouveau riche, and a Texan at that... the Horror... I'd retire to Brighton, but he pays too well and also has my passport.] Yee Haw! Look at my +GSMT Jan@100 puts go! Still $30 out-of-the-money and already trading well over $10!

[Lackey's note: Mr Mundy is spending far too much time in his Trading Bunker, where he has "Ice Station Zebra" running on at least three of his monitors. At last report he was seen spinning in his chair cackling "I'm Rich, Byatch!" An American nouveau riche, and a Texan at that... the Horror... I'd retire to Brighton, but he pays too well and also has my passport.]

]]> By: bg http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70.html#comment-15531 bg Tue, 16 Sep 2008 15:46:00 +0000 http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70/#comment-15531 where does the talent fly to? where does the talent fly to?

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70.html#comment-15530 Anonymous Tue, 16 Sep 2008 15:24:00 +0000 http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70/#comment-15530 Maybe they will after the election .... if they are still around .<br/><br/><br/>Johan said...<br/><br/> They need to hire Paulson back. He'll get the ship righted!<br/> September 16, 2008 10:53 AM Maybe they will after the election …. if they are still around .

Johan said…

They need to hire Paulson back. He’ll get the ship righted!
September 16, 2008 10:53 AM

]]> By: Johan http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70.html#comment-15525 Johan Tue, 16 Sep 2008 14:53:00 +0000 http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70/#comment-15525 They need to hire Paulson back. He'll get the ship righted! They need to hire Paulson back. He’ll get the ship righted!

]]> By: mxq http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70.html#comment-15521 mxq Tue, 16 Sep 2008 14:20:00 +0000 http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70/#comment-15521 Read-through on commodities:<br/><br/>they made more money this q on commodities than they did last year...since q-ended Aug 31 and commodities got mauled in July and Aug...good chance they were net short. i know that sounds insipid...but they've been big time commodity/EM bulls (at least in oil)<br/><br/>disclosure: long gs (this is NOT an endorsement to buy/hold/sell gs...merely color on commodities) Read-through on commodities:

they made more money this q on commodities than they did last year…since q-ended Aug 31 and commodities got mauled in July and Aug…good chance they were net short. i know that sounds insipid…but they’ve been big time commodity/EM bulls (at least in oil)

disclosure: long gs (this is NOT an endorsement to buy/hold/sell gs…merely color on commodities)

]]> By: Ginger Yellow http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70.html#comment-15517 Ginger Yellow Tue, 16 Sep 2008 14:08:00 +0000 http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70/#comment-15517 Hardly surprising. You can't make much money as an investment bank if nobody's doing deals. Pretty much the only thing going on at the moment is restructuring and low-fee issues by sovereigns, supranationals and agencies. Hardly surprising. You can’t make much money as an investment bank if nobody’s doing deals. Pretty much the only thing going on at the moment is restructuring and low-fee issues by sovereigns, supranationals and agencies.

]]> By: S http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70.html#comment-15513 S Tue, 16 Sep 2008 13:36:00 +0000 http://www.nakedcapitalism.com/2008/09/goldman-profit-falls-70/#comment-15513 goldman beat numbers on a lower tax rate. Normalize the tax rate and the number was a $0.30 miss. AUM down. But of course comp to revenue flat at 48%. Totally unbeliveable. Just can;t help themselves. i don;t think talent flight is a problem at this stage. goldman beat numbers on a lower tax rate. Normalize the tax rate and the number was a $0.30 miss. AUM down. But of course comp to revenue flat at 48%. Totally unbeliveable. Just can;t help themselves. i don;t think talent flight is a problem at this stage.

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