I just came across this news that Goldman Sachs upgraded the shares of Research In Motion (the company behind Blackberry) with the justification that “they have a 30% chance that the phone will be a success”. Ok first of all Goldman Sachs has a reputation for creating the biggest financial bubbles in history. Second, has everybody forgot the Facebook IPO already? Goldman Sachs entered the Facebook deal, created a vibe effectively propping up the market price, then shortly after the […]
Take a deep breath