Monday, July 19, 2010

Yet another reason to avoid big name stock recs

I know we've talked about this before, but just a reality check in case that memory has faded. This time it's Goldman-Sachs.

From this NYT article
"Goldman Sachs can’t seem to stay out of the news, and I keep thinking about the amazing first quarter they had. In case you missed it Goldman made money on its own trades every single day in the first quarter. Meanwhile in the real world, people who followed Goldman’s recommended top trades for 2010 lost money on seven of the nine recommended trades."

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