Thursday, January 7, 2010

Whitney, GS and Financials: Part Deux

As noted on Tuesday, Goldman Sachs (GS)--and by extention the broad financial sector--seems  to have stood ground well in the face of Meredith--the Hammer--Whotney's downgrade and gloomy commentary.  GS is up some 5% in the 48 hours since then and the rest of the financials are also rocklng.  We're seeing nice moves in other of our financial positions like AGO, STT and PRU.

This remains a market that is confounding the best and brightest.

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