Wednesday, May 19, 2010

Not so great to be a client of Goldman Sachs.

The firm makes money over hand over fist, owns the Obama administration (Summers, Rubin, Bernanke, and Geithner--the entire financial Obama team--are Goldman  alumni.)

Clients of Goldman Sachs don't do so well.  By a long shot, in a rising market.  According to Bloomberg,
Seven of the investment bank’s nine “recommended top trades for 2010” have been money losers for investors who adopted the New York-based firm’s advice, according to data compiled by Bloomberg from a Goldman Sachs research note sent yesterday.
What  else is there to say?  Goldman's only client is Goldman.  Stay away.

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