Daily Archives: July 19, 2011

Goldman Sachs only reports modest numbers and is sleeping at the wheel

Wall Street’s former love-child reported only very modest numbers for Q2. While the company completely lost credibility with America’s Main Street, it seems that this fact now also sneaks into consideration in the corporate world. Bad reputation, earned, and still earning more of it, during the still ongoing financial crisis will fuel lower expectations on the earnings side for quite some time. With that, the stock might further fall Continue reading