Love to Know
How much GS plans on or is buyback stock this quarter and right now. That would give a better measure of the credit problems the US market is currently fearing.
The CEO stated today they are at a high state of nervousness about the subprime borrowing and debt markets, but in the same speach stated liquidity was still ample and the markets have not peaked.
I am glad he is not arrogant about the situation, and if what he says is true about things not peaking BNI and TIE are solid plays here. I still do not think the fear of CDOs will amount to much, out side of localized blow ups. Maybe I put too much credit in Wall Street’s ability to understand and calculate risk. But they are human after all, so maybe it could amount to a dooms day type of thing.
