Just about everyone took it on the chin this morning, but, of course, the real schadenfreude story we know you care about is Goldman. Well, after hitting $49.00 a share earlier, they’ve managed to crawl their way up the slime pole again to around $53.00 per share. Right about now Buffett is explaining to some skittish investor somewhere that his investment in Goldman was for the long term, and, anyhow, he gets preferred dividends on his stock. Stick that in your pipe and smoke it, cause this is exactly the situation ole WB was thinking of when he gunned from those dividends.
Dead Cat Bounce after the jump.
$49.00 per share shows an entirely different form of pathetic for Goldman. It’s below even their IPO price. *Whack*
Other financial have fared little better this morning. Citi hit $4.76 at one point. Morgan Stanley scraped the bottom of the $9.00 barrel before the worst was over, and we have the rest of the day to go still.
Jobless data is the current target of the blame game. That’s as good an answer as any, we suppose.
Developing.
wow DB is really eager to put the nail in that goldman coffin which may or may not come to pass…
@1- you sir are an idiot
Wow, you hedge fund guys are really smart and talented.
http://www.bloomberg.com/apps/news?pid=20601087&sid=arL.nGOD_PPY&refer=home
Going Long and strong baby- let the stock picking has begun.
How dare you diss Goldmans! They have $50bn of shareholder equity, loads of liquidity and an old boy network that runs the world. Hang on, what’s that? $1trillion of assets? No problem, they aren’t related to current market woes. Apart from the private equity stuff. And the other equity stuff. And the other prop stuff. Still, as long as these assets aren’t impaired by more than 5% they’ll be okay.
the ipo price was $53, which may be why it is trading “around” $53. schadenfreude won’t fully kick in until the single digits.
GS is finished. Berkshire is finished. C is finished.
“Nobel-prize winner Myron Scholes froze his biggest fund.”
Haha, he must be like “Not this shit again!”
Buffett is not at all worried about that investment in Goldman. He’s earning 10%. The warrants are just gravy – they still have some value and if the thing bounces he makes out like a bandit.
But, you are right, it is nice to see GS take a beating. I only wish Hank Paulson were still holding on to his shares.
It is nice to see all those guys at Goldman get killed on their deferred like the rest of us – and that’ll help bring the prices down in Easthampton.
GS is definitely a mess and that old strategy of front-running the customer seems to have blown up on them this time. But why do I get the feeling they’ll just use this low share price to reload the deferred accounts, then get some cushy handouts from the alumni network, and be back above $200 before Shitty hits 8.
anyone remember stock splits?
@10 believe they will 10-1 reverses and the world suddenly looks better. Wouldn’t want to be the geek in the NYSE delisting office.
After Lehman disappearing which was seen as Nuclear bomb
Any other financial diving will be the equivalent of a BLACK HOLE.
Someone has to right this ship.
I don’t work at GS, don’t own any shares, and don’t know anyone who does work there.
That being said, if GS falls to single digits, we are so beyond FUBAR!
We’re talking, black and white reels, food lines, brokers jumping from windows, soup kitchens, tent cities, loud pinstripe suits with matching fadoras, Germany & Italy going socialist, Japan bringing back the Empire: MF World Depression!
DID I MISS ANYTHING?
fuck these posts
i want layouff MS post. It was the best night i had yday at DB
I am sure it was the case for most
Goldman girls will be real easy once GS is under $30 a share.
“The ship be sinkin’…”
Micheal Ray Richardson – 1982
@14
You missed the Central Park would go back to being a rest haven for the homeless.
10,600 jan 2010 5 puts traded so far today
GS = $25. by Hannukah
Put that in your dreidel and spin it!
Bloodbath, Deathrattle, Downward Spiral,Grim, WTF ? It’s like the Emo kids just noticed Wall Street.
Is GS = $25 by hannukah
then MS = $0.3525 (After a 1:10 split) by Hannukah
The sudden appearance of all the haters who couldn’t get BOjobs in Delaware is quite amusing.
OH NOEZ, GS stock is beating the market by 30% since inception!!11! Man the lifeboats!
@5 we all know you work at goldman and your stock and bonus is in the shitter…your just like those subprime morons who spent money they dont have…must be a bitch to borrow against your stock and now its worth shit…
Ill see GS @ 20..thats when im buying.
@23: “beating” a beaten-down market is like being a one-eyed wideclopsman in the land of the blind.
I need some investors to go in on this idea. Ok, I know these dudes in Somalia and they have an oil investment worth about $100m. If we give them $25m we can have a tanker, crew and contents. Anybody with me?
All the Wall Street schadenfreude is hysterical. If places like GS go down it will be Depression part deux. Which for the people at GS means they have to sell their house in Wainscott or the Cape and on Main Street means you have to sell a kidney.
Im reserving my tent in central park by the boat house. If i play my cards right i can sublet some tents as well. I just need a big TARP and I can make a huge developement out of nothing. Hmmm
id love to see this firm blow up. fck those elitist prick fcks
@26: Go sit on a sharp stick.
If GS pricks have to sell their houses in Wainscott, that means less smug, entitled assholes on the lines at Breadzilla on Saturday mornings – will sacrifice a kidney just to not have to look at these douches next summer
@26 could we set up a SPV for this?
Employees get $11 billion in bonuses while shareholders take it in the keister; great business model – make the shareholders feel the pain
Goldman will not fail.
Can we have “wideclops” added to the Dealbreaker main page? Best term ever. Yesterdays MS thread was legendary.
C just broke 5
@33 works for Blackstone
“Sometimes you bleed just to know you’re alive” -Goo Goo Dolls
haha
SOMALIAN PIRATES APPLY TO BECOME BANK TO ACCESS TARP
*PAULSON: TARP PIRATE EQUITY IS AN `INVESTMENT,’ WILL PAY OFF
*KASHKARI SAYS `SOMALI PIRATES ARE ‘FUNDAMENTALLY SOUND’ ‘
*Moody’s upgrade Somali Pirates to AAA
*HUD SAYS SOMALI DHOW FORECLOSURE PROGRAM HAD `VERY LOW’ PARTICIPATION
* SOMALI PIRATES IN DISCUSSION TO ACQUIRE CITIBANK
*FED OFFICIALS: AGGRESSIVE EASING WOULD CUT SOMALI PIRATE RISK
*FED AGREED OCT. 29 TO TAKE `WHATEVER STEPS’ NEEDED FOR SOMALI PIRATES
C
POT: 17.5 B
GS : 20.75 B
GS more worthless than manure, soon baby soon!
C
@ 27 – uh,don’t bet on it. Anyway, if things are THAT bad, no one will be paying for organ transplants
#19, there are no such series, get back in your cage or go back to your back office job
SOMALI PIRATES TO USE SWAG, PIECES O’ EIGHT AS COLLATERAL IN FEDS LENDING FACILITY
@3 “hedge fund guys” also seem to be an angry bunch as well
@34, oh yes, Goldman can fail.
A wise man once said: “If anything in this life is certain, if history has taught us anything, it’s that you can kill anyone.”
I’m at a HF. Don’t know if we will be around this time next year.Don’t know what would be worse: get laid off now, or next year, when it may be even more dismal. Crap.
SOMALI PIRATES AIMS MERGER WITH GOLDMAN SACHS TO BECOME “TOO BIG TO JAIL”
GS has what, $60B in lvl III assets? Yea good luck with that, im sure there’s nothing mispriced in that fuckng sht pile
Somali & Pirates 500 Index is losing its head and shoulders
@39 and @46: SPIBOR swap spreads ease 50bp based on this.
@45 http://finance.yahoo.com/q?s=YFTMY.X
-not 19
Hey – 34 – OH YES, THEY CAN
GS no longer the Sacred Cow and will soon be knocked off their high horse when they approach $20
I don’t think it is actually schadenfreude when the demise is deserved.
I’m a Somali Pirate Manager. What are pieces o’ eight?
@ 27, and who is going to buy the kidney?
@39 good job
I’m a Somali Pirate, whatever happened to “blndebanker” ?
61 Was wondering the same thing about “girl”. And “calgary shmooze”, who had some really good insights.
Are you guys watching GM? That shit is in play today
Bluehorseshoe loves general motors
U.A.W. loves Bluehorseshoe
@39 LMFAO
@39 – agreed = made my week
@28 – The real finches will be by the hotdog cart.
IMHO depression 2.0 is a probability not a possibility at this point.
Regardless of whether 1 or all 3 of the former BIG 3 file for bankruptcy or are merely forced to restructure there is going to be massive job losses for everyone in the auto industry.
We are in a deflation death spiral. Anyone have any idea’s about how we are going to pull out(besides spode whom i am sure has many ideas about pulling out)out of this.
@39…PRICELESS! Made my day.
Somali Pirates
Isn’t that another name for European Admiralty foreign agents?
The “Mad Mullah” lives
http://en.wikipedia.org/wiki/1920_conflict_between_British_forces_and_Somaliland
More impossible history. unless they are in cahoots.
-The British had previously been defeated at the Battle of Dul Madoba in 1913 and four subsequent expeditions to defeat Hassan and his forces had failed.[1]
-By early 1919, despite the British having built large stone forts to guard the passes to the hills, Hassan and his armed bands were at large, robbing and killing.[1]
-It was also during that first bombardment that Hassan came close to being killed, narrowly avoiding death when an unfortunate camel shielded him from a nearby bomb blast.
-On 28 January the Camel Corps occupied Jideli and Hassan retreated to his main fort at Taleh. After combined land and air operations, the British took Taleh on 9 February. Hassan’s forces suffered great losses and were scattered, his forts were damaged and he escaped with only four of his followers to Ogaden.[1]
@18 Isn’t it already?
@51 Yeah, $60B stated in LevelIII crap, but what to look at is the LevelII. How many hundreds of billions there, should actually be marked to the LevelIII?
@51
$60B showing in levelIII, but how many hundreds of billions showing in Level II should be classified in Level III? That is the question.
CITADEL and GS tied at the hip? Gotta be the end of Citadel no??? WHat else driving the silliness?