Bought GS @ $125.01

Earlier this morning, I bought Goldman Sachs Group, Inc. [[GS]] , @ $125.01.

The game has officially changed. The scenario now becomes increasingly more viable for banks to come out with new equity offerings as their stock prices will most certainly increase.  The “don’t short…or, we’ll kill you!” policy promulgated by the SEC/Treasury/Fed triumvirate, while egregious, is what was needed to stop the hemorraging .

Estimates on loan loss provisions for 2009 will be coming down. M&A will accelerate and thrive in 2009 as consoldiation in the industry becomes the key to survival.

Now is the time to be buying best of breed in the financials, and Goldman is that.