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Answers I Really Wanna Know: Goldman Sachs Opens Red

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Will the "very good" but not "eye-popping holy-mother-of-gawd astounding" earnings be good enough?

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  • Given the widespread expectation that Goldman (GS) was gonna reinvent sliced bread, will the "very good" but not "eye-popping holy-mother-of-gawd astounding" earnings be good enough?

  • Lemme put it another way, if the ECB didn't announce last night that it would "guarantee euro-zone financial institutions unlimited funds at a fixed rate through year-end," would the stock-or the tape-have a bid?

  • Or perhaps we're over-thinking this. Isn't it Turnaround Tuesday when Bonnie does her thang?

  • Serious question here-given that so many institutions are purging the financials from their sheets into year-end, will January feature an upside poke by the piggies?

  • Especially with most brokers-who were bullish all the way down the slippery slope-downgrading these names and cutting numbers following a 25% haircut for the sector?

  • When and if this upside trade arrives in the financials, will you (please) remember that long-term, these names are most likely NOT where you wanna be?

  • What weighs more: a ton of feathers or a ton of bricks?

  • If you wanna play the counter-trend upside trade today, will you wait for the inevitable first probe?

  • While watching BKX 90 (88) as the level of year-end lore?

  • Kick-boxing at 6:00 AM. Are you mad?

  • Did they finally get to the last remaining hiding spots yesterday when Big Beta-namely Baidu (BIDU), Google (GOOG), Amazon (AMZN) and Research in Motion (RIMM)-all took it on the chin?

  • We know that leadership has been narrowing for a long time. If this complex caves, will it wither away completely?

  • Why have I been playing the homies from the long side the last few weeks?

  • Do you think O-Dog has mellowed yet?

  • How can we NOT go see Chazz Palminteri in his one-man rendition of A Bronx Tale on Broadway?

  • When is Citigroup (C) gonna cut its dividend?

  • Will that be the spot to step in for a quick schnitz higher?

  • Is all this-everything we're talking about, the rallies, the sputters, the grinding, the mutters-pure noise under S&P 1490?

  • Pretty sick that Paulson punting all his Goldman stock tax-free at the top, eh?

  • Remember how nutty it sounded in 2002 when we spoke about energy overtaking the financials as the top weighting in the S&P?

  • Do you think McLovin is having fun at Dartmouth?

  • Can't you just see him and Television's JeffMacke as BFF?

  • Has anyone heard "bid wanted" in the equity arena?

  • Isn't that the capitulatory sign we need to ultimately see?

  • In this debate as to whether or not we'll enter recession, aren't we somewhere between the first two trimesters of denial-migration-panic?

  • How bout them Fins?


R.P.

No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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