posted on Sep, 26 2008 @ 05:36 PM
Friend you are behind. Let me give you a run down.
Lets take a walk back in time to July 2006 when Hank was sworn in.
GS was between $140-145/share. One year later, July 07, GS was up more than 49%.
This compared to Morgan Stanleys 14.5% increase, UBS's 14% increase, and still far beyond Merrill Lynchs 21.5% increase.
GS outperformed other banks during his first year. How did they compare to everything else?
Nasdaq saw a +27% gain in that first year, Dow Jones up +25%, S&P 500 up +22.5%. Still far beyond the rest of the market. Now lets look at numbers
updated for two years after Paulson took over (July 2008):
Morgan Stanley- (-40%) UBS- (-62%) Merrill Lynch- (-57%)
Nasdaq- +8.5% Dow Jones- +3% S&P 500- (-.5%)
Can anyone give me a reasonable explanation why Goldman Sachs outperformed the entire stock market for two consecutive years after their CEO
got a job advising the government on fiscal policy?
[edit on 26-9-2008 by beaverg]