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June 25, 2012 at 10:00 pm In a convincing pronouncement, Sarat Sethi on Monday's Halftime said if you want to beat the market, "you have to be in tech," including names such as AAPL and GOOGL. (This writer is long GOOGL.)
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God Bless! Actually, Weiss' history book is just as warped as Judge's. (Among other things, they didn't "take" a preferred from Buffett, they issued him one.) What Weiss left out was that the government supplied the money they really DID want in the form of the AIG bailout. According to the 2008 timeline, Goldman converted to a bank holding company on Sept. 21 (basically a critical gift if not a cash windfall), then did the Buffett deal on Sept. 23, which was money they really did sorta need because Congress was still balky about bailouts at that point, and it was completely based on Buffett's correct opinion that the government wouldn't let Goldman Sachs fail.
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