Goldman Sachs Can't Be Ignored
This move in Goldman Sachs (GS) can't be ignored any longer. The stock has been galloping toward its book value of $119 ever since it reported. It withstood a gigantic downgrade by JP Morgan this week, which said it may have capital issues and is certainly earnings challenged.
Yet, there's a story today about how Goldman owns a big chunk of Facebook. The company might be part of the deal. There are two pieces of business that weren't in the cards when we started thinking about the first quarter of 2012....202 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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