Stellar Earnings, Sinking Stocks


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  Stellar Earnings, Sinking Stocks

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Despite earnings he calls stellar, Holland & Company Chairman Michael Holland says Goldman Sachs is too much of a political hot potato right now. "One says, 'Do you want to get involved in a stock that is in the cross hairs of politicians trying to make hay?'" Holland tells Andrew O'Day why Wall Street cannot seem to rally today despite several other firms reporting strong results. It's the old 'Buy on the rumor, sell on the news.' "Even when companies outperform their estimated earnings from the brokerage houses, people had been expecting more than the estimated numbers, so the stocks in a number of cases have retreated."


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