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RE: Down goes the Dow
Smart money was also in at the top in 2000 and 2007. Best wishes on your tiger ride. Stock buybacks, mergers, acquisitions, spinoffs, financed through record covenant light debt issuance. Failed IPOs, story stock blow ups, questionable accounting, pressure to meet even lowered EPS. Falling revenue and deteriorating fundamentals cheered by institutions and the financial media. Goldman Sachs isn't any smarter than anyone else, they just have the resources. Remember Goldman almost went belly- up seven years ago almost to the day.
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