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Monday, December 12, 2011

GS - Drop















The rating agencies weighed in on last week's EU deal and didn't see much (I, II), as Europe's ongoing debt debacle and an unexpected guidance cut by Intel sparked a sell-off in stocks before bouncing off the Dow's 200-day MA.

4:49 PM U.K. banks worry about their influence over financial services policies decided in Brussels following PM Cameron's withdrawal from the new EU treaty.

4:41 PM Goldman Sachs (GS) cancels its information session at Penn and reduces the number of student interviews as it seeks to limit hires to those who have previously interned at the bank. With the weak job market, students are more likely than in the past to stick with firms they intern for rather than shop around, limiting the need for Goldman to find new recruits.

Closing near the lows, appears to be more downside to this stock, maybe....