“Não diabolizo projetos” como a mina da Lagoa Salgada

[Luka!]

Em queda de mais de 3% no "pre-market"
(enganos na parte de trading, os analistas nao esperavam que um banco como o G.Sachs se enganasse e tenha apostado no "wrong side of the market"

Goldman Sachs Caught Off Guard on Trading
By Shanthi Bharatwaj 07/19/11 - 08:47NEW YORK (TheStreet) -- Goldman Sachs(GS_) fared worse than expected in its trading business in the second quarter, even as it scaled back risk-taking amid a weak investment climate.

Revenue from fixed income trading, which accounts for more than two-thirds of trading business, came in at $1.60 billion, plunging 63% from the first quarter and down 53% from the year-ago quarter.
The investment bank said high levels of uncertainty and decreased levels of liquidity during the quarter contributed to difficult market-making conditions, particularly in mortgages and commodities.
That prompted the firm to operate at generally lower levels of risk. Goldman said the fixed income division saw overall lower levels in client activity. The effect of macro concerns was pronounced in Asian and European franchises, it said.
Analysts had been expecting fixed income trading to be weak as macro-economic uncertainties deepened in the second quarter, but few expected smart money like Goldman Sachs to be caught on the wrong side of the trade.