TheStreet.com TV Recap: Goldman's Still Got It
Goldman Sachs' (GS Quote) record-breaking numbers don't matter, because if they did, the stock wouldn't be down, Jim Cramer said on TheStreet.com TV's Wall St. Confidential Web video Tuesday.
"This is a unique moment," he said. "It's a really bad market for the financials. It really doesn't matter what a company says -- the fact that it's a financial means that it's going to be overly compensated down."
Goldman is buying a huge amount of stock, it's bought back a huge amount of stock, and it's delivered "an unbelievable quarter in the hardest environment imaginable," Cramer went on. "I do not think the environment will be this bad a year from now, so I think that you should buy it." ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.50 | 1,106.41 | 2,190.31 | 35.40 |
Oil *
71.66
|
|
UP
65.67
|
UP
4.06
|
DOWN
0.55
|
UP
0.58
|
10 Yr
3.54%
SPDR Gold
109.32
|
|
+0.63%
|
+0.37%
|
-0.03%
|
+1.67%
|
Data delayed 20 minutes |


Connect with TheStreet