Tuesday, September 16, 2008

WaMu Looks Shakey. Will Goldman Sachs Be Next?

Today stocks are already sliding again (Dow down 70 points as I write). I suspect the bloodshed on Wall Street is not over yet. WaMu looks like the next victim and Goldman Sachs will be close behind. Both companies have their fingers in the mortgage mess and I suspect they will fall prey to their own greed. The latter had sharp decline in profits.

Rumors are circulating that WaMu might be sold but as to Goldman Sachs, who knows? I am glad I am on the sidelines with only moths in my wallet for once.

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