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Today's big story was all about Goldman Sachs and the searing New York Times Op-Ed piece "Why I'm Leaving Goldman Sachs."
There was quite a bit of speculation that the Op-Ed's author, Greg Smith, a 12 year employee and one with some corporate credibility, currently at the London office, was the man behind the snarky Twitter account, GSElevator, that recounts comments allegedly overheard on the Goldman Sachs elevator.
Clearly, he couldn't possibly be the mystery man behind that account, otherwise it would have been called "GSLift."
When I say "currently," I mean that Smith was a Goldman Sach employee as of yesterday. I'm sure that if the Op-Ed appeared during his planned final few hours on the job, security would have figured out some way to escort him out the window or down the lift shaft.
When you put all of this together with the fact that Smith reportedly won a bronze metal in the Maccabiah Games in Table Tennis, you have the makings of a great John Carter-esque blockbuster.
A couple of things about Goldman Sachs.
I haven't owned shares in about two weeks and missed yesterday's 6% climb after JP Morgan leaked its "Stress Test" results, dividend increase and stock buy-back plans. Goldman Sachs was among a very small handful of stocks that helped lead me out of the morass from a few years ago when I picked up shares at about $85 and aggressively sold covered calls, riding it up and then occasionally down.
I last owned shares and had them assigned at $115, two weeks in a row. I like today's drop, but it's still not enough to entice me to get the shares again.
Nonetheless, I love Goldman Sachs almost as much as I don't love Dick Bove.