“We’re cautious about the near term outlook for our businesses as we see dislocation in some of the world’s capital markets has continued.”
– David Viniar, CFO, Goldman Sachs, in today’s conference call with analysts
Charlie Gasparino reported on CNBC this morning just after 12pm EST that a senior Goldman executive told him that November was “horrible” and the last two weeks were possibly the worst in the company’s history. I recommend taking a look at Gasparino’s brief report on CNBC (Gasparino CNBC Video Clip). It’s pretty incredible and I’m surprised Goldman’s shares didn’t sell off more than they did after that.