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Shorting Goldman

By Doug Kass
8:24 a.m. EDT

Ever the contrarian, I have taken a small short position in Goldman Sachs ( GS) ahead of the earnings above $150.

It just seems to me that a better-than-expected number is embedded in the stock price.

Positions: Short GS


Morning Prep

By Ken Wolff
8:45 a.m. EDT

The momentum this morning is pretty flat after the much-anticipated Goldman Sachs ( GS) earnings report. ... I am going to look for a repeat of yesterday if Goldman holds a gap down going into the open. I will be shorting early and look for a long position and another recovery from the early drop.

First Solar ( FSLR) and Potash ( POT) have been offerring some good gains if the bottom can be timed accurately...

Positions: None


JNJ/CAT/EBAY/GOOG

By Jim Cramer
9:06 a.m. EDT

Johnson & Johnson ( JNJ) seems fine, but there's a horrid note out of Credit Suisse on Caterpillar ( CAT) -- soft vs. hard. eBay ( EBAY) estimates raised by Goldman, surprising but lots of negative chatter out there about lackluster Google ( GOOG) numbers...

Positions: Long EBAY


PPI/Retail Sales

By Tom Graff
8:54 a.m. EDT

Big miss on PPI is pushing the Treasury market lower. The long bond was immediately down 1 1/2 points; it has now moderated a bit. I still think retail sales is the bigger deal. On that front, we got a beat on the headline number and a miss on the ex-autos number. Which is the better read?

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