MARKET COMMENT: AEX +1,7%, financials popular

October 6th, 2009 Goto commentsLeave a comment AMSTERDAM (Dow Jones) - The AEX attracts Tuesday during the morning further up. Wall Street held on Monday strongly, including the purchase recommendation by Goldman Sachs on the big American banks, said Rob Koenders of Harmony Asset trader increases. Financials were strong then in New York on Tuesday and see you back on the European markets. He …Similar Posts:MARKET COMMENT: AEX 1.8% after Wall Street opened goodMARKET CO

Goldman Sachs: The “Smart” Money?!

U.S. stocks rebounded today, aided by a rally in financials. Why was the group strong? Because a team of analysts at a well-known Wall Street firm upgraded the large banks sector. And why did they do that? Bloomberg gives us the lowdown in “Wells Fargo, Biggest U.S. Banks Raised by Goldman” : Wells Fargo Co., JPMorgan Chase Co. and the biggest U.S. banks were raised to “attractive” from “neutral” by Goldman Sachs Group Inc., which said share prices don’t reflect prospects for e

Wall Street’s Near-Death Experience (Andrew Ross Sorkin/Vanity Fair)

Andrew Ross Sorkin / Vanity Fair : Wall Street's Near-Death Experience — With the implosion of Lehman Brothers, in September 2008, the realization dawned: Morgan Stanley and Goldman Sachs could be next. In an excerpt from his new book, the author reveals the incredible scramble that took place—desperate phone calls …

How Bad Must It Get?

Governor Jon Corzine, who rode into office as the wizard of Wall Street, is in trouble, in part because it is not such a great time to be a former Goldman Sachs executive who amassed a fortune during an economic boom that has now fizzled. As the New York Times observes: Today, New Jersey’s economy is reeling, Goldman Sachs’s luster has dulled and Mr. Corzine’s greatest asset has become a political liability as he struggles to keep his job in November’s election. Goldman has been particula

David Paul: Regulating Systemic Risk and Banker Compensation Will Not Fix What is Broken on Wall Street

Thirty years ago, Salomon Brothers and Goldman Sachs were two of the bulge bracket underwriting firms that dominated Wall Street. Both firms with partnerships with trading cultures that characterized their organizations. It was a time when Wall Street firms were looking far and wide for ways to increase their access to capital. Trading firms make money by making bets. More capital meant bigger bets. Bigger bets meant more money. In 1980, in pursuit of a bigger balance sheet, Salomon CEO Joh

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