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Stay Away from Goldman Sachs
Goldman Sachs (GS) reported earnings today of just over $2 billion which was more than Wall Street was expecting. Despite the good news, I still don't favor owning the shares. The financial mess isn't over just yet.
Goldman's profit last quarter was 10% lower than the year before. This was still a big improvement from the first quarter when Goldman's profit was cut in half. I give the company a lot of credit for managing its way through this crisis better than most on Wall Street.
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