The Telegraph: Goldman Sachs and Wells Fargo warn ‘delusional’ investors on stocks
The Telegraph: Goldman Sachs and Wells Fargo warn ‘delusional’ investors on stocks Wall Street faces the growing risk of an equities bloodbath in coming months as the credit crunch spreads to the wider economy and earnings crumble, according to a pair of grim reports issued by Goldman Sachs and Wells Fargo.
Goldman Sachs was the only major investment bank on Wall Street to turn a profit from the credit crunch, taking out huge “short” positions on sub-prime mortgage bonds before they went into a tailspin…………..expect turmoil
Original post by titaniccaptain
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