From our September 2007 post, "
Climateer "Line of the Day" and Day Trading Hot Chinese Alt-Energy (What could possibly go wrong?)":
Speaking of the WSJ's Blog Empire (see below), Tim Annett posting at MarketBeat was yesterday's winner with a walk-off home run*:
Like a gang of clowns in a pie shop,
Wall Street brokerages had a merry old time slapping one another with
various downgrades, earnings-estimate parings and price-target
reductions in the lead-up to their recent earnings announcements....
Here's today's story, also via the Empire, this time Deal Journal:
While Goldman Sachs shares bested many other financials in 2011,
Wells Fargo says the company is vulnerable to continued deterioration in
the global economy and disruption in capital markets, potentially
cutting into revenue generation and returns.
Wells Fargo downgrades Goldman to “market perform” as it slashes
fourth-quarter earnings estimates for big banks in general by an average
31% due to challenging December markets and tightening credit spreads.
The latter should hit Morgan Stanley the most....MORE
With the S&P up a third-of-a-point GS is down ,87% at $93.76.
