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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (71959)6/15/2015 5:10:55 PM
From: Brian Sullivan  Read Replies (1) | Respond to of 218443
 
Goldman Sachs getting into consumer lending

While still in the early planning stages, Goldman ( GS -0.7%) plans to go head-to-head with Main Street banks, not to mention online startups like Lending Club ( LC-1.3%), Prosper, and PayPal (Pending: PYPL) to offer loans of a few thousand dollars to regular folk.

Goldman's effort will also be strictly online, and it's being led by new hire Harit Talwar, who joined the bank from Discover.

Fans are already looking forward to Goldman dinging ordinary Americans' credit reports, and the congressional panels and Matt Taibbi articles sure to follow.

Meanwhile, Oppenheimer's Chris Kotowski questions the capital allocation decision: “I refuse to believe that hiring a couple of programmers and offering to make $15K loans online is a highly value-added banking strategy.”



To: GROUND ZERO™ who wrote (71959)6/16/2015 11:22:33 AM
From: Peace1 Recommendation

Recommended By
GROUND ZERO™

  Read Replies (1) | Respond to of 218443
 
They are keeping me awake today. <g>



To: GROUND ZERO™ who wrote (71959)6/17/2015 10:58:11 AM
From: Kirk ©  Read Replies (3) | Respond to of 218443
 
I think I did this right where I uploaded a bunch of my sentiment charts on Facebook where it is very quick to upload compared to here where I have to do one at a time.

https://www.facebook.com/pages/Kirk-Lindstroms-Investment-Letter/130649713675305

Notice that there is far more low sentiment than many think. The low Hulbert newsletter sentiment reading surprised me as it sure doesn't match Investor's Intelligence sentiment (also shown.)