Tuesday, February 26, 2008

Why Blogs?

You could pay big bucks to get your financial info from Goldman Sachs, but just look at what you paid for. The headlines are from CNN

Freddie Mac, Fannie Mae, WaMu downgraded to sell at Goldman Sachs; shares fall

Make that shares fell a long time ago. Don't believe me? Check the charts right here Freddie Mac, Fannie Mae, WaM

Now Freddies 52 week high was at 68.12, Fannie was 70.57 and WaMu's 52 week high was 44.66.
The question I have now for all those respectable people who paid so much to Goldman is this, What the hell good does it do you now? Why didn't Goldman tell you to dump FRE at 65 or at 55 or at least when it broke clear support at 55 and formed the 45 degree down angle decline. Hey why not then? All I have to say to Golden Gangsta is thanks guys thanks alot.

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