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发表于 2009-11-16 03:57 PM
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http://bespokeinvest.typepad.com ... onger-relevant.html
The underperformance of Goldman Sachs is even more visible in a chart of its relative strength versus the S&P 500 which peaked in early October. While bears will argue that Goldman's underperformance is a sign of things to come for the market, bulls would counter that like other relationships in the market, the "Goldman Rule" is just no longer relevant. Whatever the reason for the decline, the peak in Goldman's outperformance came right before the company's third quarter earnings report, when talk over the so-called obscene bonuses first surfaced. The fact that Goldman is now on the radar of every populist politician in the country at a time when Washington considers making money a sacrilege, adds an added risk that some investors likely think just isn't worth it. |
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