Filed under: Market matters, Goldman Sachs Group (GS), Stocks to Buy, Stocks to Sell, Cramer on BloggingStocks

TheStreet.com’s Jim Cramer says it’s after all the analysts have finally cut numbers on the financial giant.

How tempting is it to buy Goldman Sachs (NYSE: GS) (Cramer’s Take) after we have had number cut after number cut after number cut.

But history says you can’t. These stocks will not bottom until three more analysts cut their numbers — they are still using the old estimates.

Goldman has gone from poster boy to whipping boy without much happening. The thoughts are that the slowdown in everything fixed income is going to cut estimates in half for the next quarter.

I believe that is harsh. But I would also point out that the stock at $177 isn’t exactly priced for perfection.

Continue reading Cramer on BloggingStocks: When to buy Goldman Sachs

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This entry was posted on Wednesday, February 20th, 2008 at 1:22 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.