The big concern was would the revenues come through amid all the turmoil. It appears it has. Generally, it was a pretty good quarter, though it's not a Goldman- or Lehman-strength quarter.

Jeff Harte

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My own concern is does the consumer give out and drag down the economy in 2006? The corporate sector is well into a recovery, but the consumer never had a recession.

It's tough not to like record results, but in the wake of what Goldman put out, they seem pedestrian. Goldman set the bar awfully high.

GoldmanNotPedestrian

This suggests the (capital markets) environment was even better than we thought macro-wise.

EnvironmentThought

This suggests the (capital markets) environment was even better than we thought macro-wise,

EnvironmentThought

What it implies is people were expecting a strong number and maybe this isn't as strong as they hoped. They beat expectations and my own estimate, but we need more information.