Getting To The point

My earlier post about Goldman evoked a lot of emotion on the message board. The point of the post was not to decide Goldman's guilt or innocence. It was just to point out that when an event is widely feared, like today's Goldman hearing, the news is often priced in already. This is evident by the fact that Goldman is up nicely in a down tape.

4 comments:

Anonymous said...

I disagree, this is merely a bounce on a very beaten down stock. It will proceed lower along with a weakening market.

Tsachy Mishal said...

You disagree that Senate hearing was priced in? How do you explain that the stock is up strongly in a down tape? I never mentioned the broader market or the long term.

PJ said...

Good call, Tsachy.

More to the point, how do you see tomorrow?

Tsachy Mishal said...

I don't know about tomorrow. I tried to address it in my closing post.