Goldman Sachs and Morgan Stanley

Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

vhf

Rank: President [?]

Points: 15870 [?]

Votes: 90 Score: 4.2 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Goldman Sachs and Morgan Stanley

posted on Sep 17, 2008 07:52AM

In addition to the DOW tanking again, we now have Goldman Sachs and Morgan Stanley down 21% and 35%, respectively. Wall Street could probably live with Morgan Stanley getting hammered today, as they have with Lehman Bros. and Merrill, but Goldman Sachs has been the "Teflon" investment bank for decades. They are considered a proxy for the FED and U.S. Treasury and nobody receives artificial support like these boyz. So to see them fall like the others is most revealing and indicates a definite loss of confidence for the entire system - FED, Treasury, and Wall Street.

The most remarkable item of the day so far is the fact that gold shot up while the USD has held firm. Just wait until the USD starts to slide again to see gold really lift off!