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]

Sign up for the Dealbreaker newsletter

Subscribe to our free daily email and get breaking news, financial headlines, commentary, and analysis from Dealbreaker.

— Advertisement —

Comments (35)

  1. Posted by captain caveman | June 26, 2008 at 10:46 AM

    Hey-o Amherst.

  2. Posted by Master of None | June 26, 2008 at 10:57 AM

    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.

  3. Posted by Master of None | June 26, 2008 at 10:57 AM

    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.

  4. Posted by Gordon Gekko | June 26, 2008 at 10:58 AM

    Hey Bess, not repping the BU love anymore?

  5. Posted by guest | June 26, 2008 at 11:00 AM

    @master of none: i wish you were smart enough to not double post.

  6. Posted by guest | June 26, 2008 at 11:02 AM

    wtf is the artie help spam on every post?!

  7. Posted by Master of None | June 26, 2008 at 11:03 AM

    @11:00am
    Me too.

  8. Posted by guest | June 26, 2008 at 11:04 AM

    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.”

  9. Posted by guest | June 26, 2008 at 11:08 AM

    artie help knows value and when he talks people listen.mayo makes all the difference.Gary Tugs

  10. Posted by Capt Obvious | June 26, 2008 at 11:09 AM

    fuck williams and fuck harvard

  11. Posted by guest | June 26, 2008 at 11:10 AM

    can someone explain the mediocre liberal arts school reference?

  12. Posted by guest | June 26, 2008 at 11:10 AM

    can someone explain the mediocre liberal arts school reference? seriously, i don’t get it.

  13. Posted by Capt Obvious | June 26, 2008 at 11:12 AM

    “Conviction sell on the purple cow.” is reference towards Williams

  14. Posted by guest | June 26, 2008 at 11:13 AM

    oh williams is a school? well, it’s no BU.

  15. Posted by guest | June 26, 2008 at 11:19 AM

    Citi and Merrill need to merge with Goldman or UBS in order to survive.

  16. Posted by cauxion | June 26, 2008 at 11:25 AM

    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

  17. Posted by guest | June 26, 2008 at 12:35 PM

    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

  18. Posted by guest | June 26, 2008 at 12:36 PM

    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

  19. Posted by guest | June 26, 2008 at 12:39 PM

    What year did Bess graduate from Amherst in.
    Bess, are you hot?
    And if you are, are you single?

  20. Posted by Anal_yst | June 26, 2008 at 12:43 PM

    @ 12:39
    Good luck with that buddy, I’m sure she’s just dying to tell you/date you.

  21. Posted by guest | June 26, 2008 at 12:43 PM

    @12:39- is your google on the fritz? “Bess Levin ’06″

  22. Posted by guest | June 26, 2008 at 12:44 PM

    and hamilton is full of idiots who double post.

  23. Posted by Gordon Gekko | June 26, 2008 at 12:44 PM

    lots of neophytes in here today

  24. Posted by guest | June 26, 2008 at 12:45 PM

    polar bears rule. that is all

  25. Posted by guest | June 26, 2008 at 12:47 PM

    @12:44- that’s what i’m talking about! bowdoin represent!

  26. Posted by guest | June 26, 2008 at 1:42 PM

    polar bears dominate purple cows, and lord jeffs are named after a guy who gave indians smallpox blankets

  27. Posted by DrederickTatum | June 26, 2008 at 2:40 PM

    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.

  28. Posted by Bulging Bracket | June 26, 2008 at 3:19 PM

    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.

  29. Posted by guest | June 26, 2008 at 4:06 PM

    Bulge@3:19,
    Only sissies & fags drink lattes. Which are you?

  30. Posted by guest | June 26, 2008 at 4:11 PM

    Erin is hot. I love watching her flirt with the camera.
    Also, cocks.

  31. Posted by guest | June 26, 2008 at 4:30 PM

    Way to go Goldman. Today you succeeded in unwinding my personal measly investment portfolio back into pre-2007 territory.

  32. Posted by NSD | June 26, 2008 at 4:39 PM

    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.

  33. Posted by guest | June 26, 2008 at 4:50 PM

    @NSD,
    No, not clever. Just trying to hold on to my savings.

  34. Posted by NSD | June 26, 2008 at 6:03 PM

    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.

  35. Posted by guest | June 27, 2008 at 8:41 AM

    Goldman should downgrade themselves…at some point the truth about them will come out and the shit will hit the fan!

Leave a comment

You can log in with your account or comment as a guest below.