WSJ Reiterates Q4 Loss Potential for Goldman Sachs (GS)
An article in this morning’s WSJ is confirming what Reuters first reported a month ago - that Goldman Sachs is likely to report its first ever loss as a public company in the current quarter.
While today’s article is apparently quite soundbite-worthy in the mainstream press, if anything the report has narrowed the range of losses [...]
China Flush With Coal, Possible Pricing Weakness for Peabody (BTU)
News out of China today is that quotas for coal exports were higher than expected at 15.9 million tonnes, putting the export quota total for the year above 47 million tonnes. While Chinese officials say that it’s too late in the year to put the quotas into effect, the news does reflect that China isn’t [...]
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