Cramer was right, the fourth quarter results were great but the stock traded down. Goldman Sachs Group gave a cautious outlook for Wall Street in 2008 because of the ongoing credit crisis, even as the world’s largest investment bank chalked up another record-breaking year.

During the fiscal fourth quarter, Goldman’s $3.17 billion profit was fueled by higher investment banking fees, one-time asset sales, and surprisingly strong debt trading results. Though quarterly results easily surpassed Wall Street’s projections, for some analysts they lacked the kind of power and finesse investors have come to expect.

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