Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (390)	6/15/1998 7:57:00 PM
From: Freedom Fighter	Respond to of 1722

Goldman going Public! Sign of a top? Goldman Sachs has been one of the most bullish firms throughout the 90's as the market broke every traditional valuation standard in existence. It pretty much threw caution to the wind as middle class investors plowed ever higher percentages of their income and net worth into seemingly very overpriced securities when judged by traditional standards. Throughout that time, any objective observer of the interpretations of the valuation data that were coming from Goldman would really have to question what was going on. To call the interpretations very rosy, overly optimistic, or a bit disingenuous, really does not do it justice. Now that financial services stocks are trading at century long highs from a valuation point of view, Goldman's partners have chosen to cash in their tickets and come public. (Goldmans may come public at 5X book vs. a long term average of 2x book for investment banks) My suggestion is that you take any comment that comes from this firm with a grain of salt! (Especially Now!) They continue to recommend and interpret everything in the most favorable light possible while heading to the exit with their own money and trying to use their overvalued stock as currency for acquisitions! Value Investor Workshop members.aol.com June Market View members.aol.com