Goldman Sachs cut its second quarter earning estimates for Citigroup and Merrill Lynch today, predicting that the banks will incur $8.9 billion and $4.2 billion in writedowns, respectively, earning them a place on Goldman's "conviction sell" list. Way more important recommendation not included in analyst William Tanoma's formal note, but reported by CNBC's Darren Rovell to an in-denial Erin Burnett just now? "Conviction sell on the purple cow." That is right, suck it Williams.
Citigroup, Merrill Estimates Lowered by Analysts [Bloomberg]
Posted by captain caveman , Jun 26, 2008 10:46AM
Hey-o Amherst.
Posted by Master of None , Jun 26, 2008 10:57AM
Sigh. I wish I were smart enough to keep track of the liberal arts rivalries.
The Ivy league is so simple: there's Harvard, and there's everyone else.
Speaking of Harvard, did y'all know that Bess cried when she didn't get into Harvard or Williams, and had to go to therapy for months before after she had to settle on Amherst.
Posted by Master of None , Jun 26, 2008 10:57AM
Sigh. I wish I were smart enough to keep track of the liberal arts rivalries.
The Ivy league is so simple: there's Harvard, and there's everyone else.
Speaking of Harvard, did y'all know that Bess cried when she didn't get into Harvard or Williams, and had to go to therapy for months after she had to settle on Amherst.
Posted by Gordon Gekko , Jun 26, 2008 10:58AM
Hey Bess, not repping the BU love anymore?
Posted by guest , Jun 26, 2008 11:00AM
@master of none: i wish you were smart enough to not double post.
Posted by guest , Jun 26, 2008 11:02AM
wtf is the artie help spam on every post?!
Posted by Master of None , Jun 26, 2008 11:03AM
@11:00am
Me too.
Posted by guest , Jun 26, 2008 11:04AM
The Lord Jeff lovin is hott. We have secret agents everywhere.
If we're lucky, we'll get Darren to say on air "Oh, and Erin, your Mom called. She said you suck."
Posted by guest , Jun 26, 2008 11:08AM
artie help knows value and when he talks people listen.mayo makes all the difference.Gary Tugs
Posted by Capt Obvious , Jun 26, 2008 11:09AM
fuck williams and fuck harvard
Posted by guest , Jun 26, 2008 11:10AM
can someone explain the mediocre liberal arts school reference?
Posted by guest , Jun 26, 2008 11:10AM
can someone explain the mediocre liberal arts school reference? seriously, i don't get it.
Posted by Capt Obvious , Jun 26, 2008 11:12AM
"Conviction sell on the purple cow." is reference towards Williams
Posted by guest , Jun 26, 2008 11:13AM
oh williams is a school? well, it's no BU.
Posted by guest , Jun 26, 2008 11:19AM
Citi and Merrill need to merge with Goldman or UBS in order to survive.
Posted by cauxion , Jun 26, 2008 11:25AM
Hmmm... time to go car shopping perhaps.... I was never a fan of GM cars, but I do kind of like that new Lucerne. lol
Posted by guest , Jun 26, 2008 12:35PM
Amherst and Williams are full of nerds. Ephs and Lord Jeffs work for me now and I drank my face off at Hamilton. Go Conts
Posted by guest , Jun 26, 2008 12:36PM
Amherst and Williams are full of nerds. Ephs and Lord Jeffs work for me now and I drank my face off at Hamilton. Go Conts
Posted by guest , Jun 26, 2008 12:39PM
What year did Bess graduate from Amherst in.
Bess, are you hot?
And if you are, are you single?
Posted by Anal_yst , Jun 26, 2008 12:43PM
@ 12:39
Good luck with that buddy, I'm sure she's just dying to tell you/date you.
Posted by guest , Jun 26, 2008 12:43PM
@12:39- is your google on the fritz? "Bess Levin ’06"
Posted by guest , Jun 26, 2008 12:44PM
and hamilton is full of idiots who double post.
Posted by Gordon Gekko , Jun 26, 2008 12:44PM
lots of neophytes in here today
Posted by guest , Jun 26, 2008 12:45PM
polar bears rule. that is all
Posted by guest , Jun 26, 2008 12:47PM
@12:44- that's what i'm talking about! bowdoin represent!
Posted by guest , Jun 26, 2008 1:42PM
polar bears dominate purple cows, and lord jeffs are named after a guy who gave indians smallpox blankets
Posted by DrederickTatum , Jun 26, 2008 2:40PM
For academics, there is only one truly elite school - It's main campus is situated South of 55th, North of 59th street, East of Cottage Grove, West of Kimbark on the South Side of Chicago.
Everyone else is just ripping it off.
Posted by Bulging Bracket , Jun 26, 2008 3:19PM
Even the U of C is just another liberal arts school.
You could actually try something hard, with real courses and real grades. Maybe MIT or CalTech. But whatever makes you happy while you get my latte.
Posted by guest , Jun 26, 2008 4:06PM
Bulge@3:19,
Only sissies & fags drink lattes. Which are you?
Posted by guest , Jun 26, 2008 4:11PM
Erin is hot. I love watching her flirt with the camera.
Also, cocks.
Posted by guest , Jun 26, 2008 4:30PM
Way to go Goldman. Today you succeeded in unwinding my personal measly investment portfolio back into pre-2007 territory.
Posted by NSD , Jun 26, 2008 4:39PM
Way to go guest @ 4:30. DId you think you were being clever trying to call a bottom. Turns out the circus is looking for more clowns that try to catch falling knives.
Posted by guest , Jun 26, 2008 4:50PM
@NSD,
No, not clever. Just trying to hold on to my savings.
Posted by NSD , Jun 26, 2008 6:03PM
Sorry to come across harsh. I guess i read to much into your comment. Too many people are calling for a bottom now. I thought you were trying to be a hero and went long recently.
Posted by guest , Jun 27, 2008 8:41AM
Goldman should downgrade themselves...at some point the truth about them will come out and the shit will hit the fan!