On June 11, 2008, Rick Meckler of LibertyView Capital Management and others predicted bad quarterly results for Goldman Sachs:

“There’s been rumors of a large write-off to be announced at Goldman Sachs, which has caused a lot of the financial stocks to swoon a little bit. That’s been the major driver, is increased fear of financials,” said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.

Meckler’s comments were echoed by others in the market.