Everyone Likes to Hate on Goldman Sachs Hurting their Short-Term Value
James | Jun 03, 2010 | Comments 12
My much beloved investment bank Goldman Sachs is shoulder deep in trouble right now but long term there is no need to worry. Goldman is too strong and too
hard, if AIG couldn’t get indicted then Goldman surely won’t. That’s not to say they won’t pay a massive fine to the SEC but besides that little to worry about. Short-term however I can’t recommend you buying this stock. It’s not to say Goldman isn’t attractive right now, as due to the recent struggles valuations position the company quite nicely. The problem is Goldman is in the middle of a huge battle right now against what seems to be all of society. What I don’t like to do is invest in battlegrounds? It seems like everyday liberal media bashes Goldman claiming they are the worst bank and evil of the world. It seems as the New York Times has a quota for every three days to bash Goldman in the public media. Everyone likes to hate on Goldman and due to this resentment the stock is not a good short-time investment.
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