Goldman Sachs has been downgrading Freemarkets almost ever since it brought them public (and apparently believed at that time that they were worth $150 a share!) At least twice last year they downgraded, and what did FMKT do? Went profitable. Grew revenues, even without significant new client additions, and in the worst business climate in a decade! Achievements which meritted positive recognition and re-evaluation of earlier negative appraisals. But we all know this world isn't about merit. I guess GS doesn't like being proven wrong by reality. So they decided to use their enormous power and prestige to try and create their own reality to justify themselves. And it worked! FMKT has now lost nearly a third of its value in three trading days, primarily because of GS negative commentary. What a crock!Well, another wonderful day on the market, BOTH the Nasdaq and the Dow down 1.1% And FMKT? Down over FOUR percent.
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