Tuesday, September 23, 2008

Is it Time to "Exchange" Your GS / MS Investment for CME?

Per Smart Money:

Goldman Sachs and Morgan Stanley may intensify their use of exchange-traded derivatives to recapture leverage lost by their transformation into federally regulated banks, according to a sector analyst.
This has certainly been a benefit to CME Group shareholders, as the stock has returned a stellar 20% since the Fannie / Freddie Bailout, while Goldman and Morgan Stanley are down 30%+ each.