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Forex seen by a newbie

Goldman, Morgan Stanley sink; analysts cut outlook

Posted by Marius On November - 18 - 2008

Shares of the two remaining investment banks slipped Monday, despite news that Goldman Sachs’ top executives are foregoing their bonuses this year. The decline came as analysts cut their estimates for the companies, with a Bernstein Research analyst noting this past quarter “represented the most difficult capital market environments in the last decade.”

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