What do you mean by “self harm”? Goldman will get a small fine of a few million dollars, and that's about it. They just pocketed the difference between what they sold their stock for, and what they can now buy it back for.
That one day wiped out $12.5 Billion Dollars of gains, that took them about 2 months to make. They sold their stock to the un-suspecting public, at the highs, during the last 2 months.
They get to keep the $12.5 Billion as profit, because now they can go buy that same stock back for a much cheaper price, from the same people they sold it to.
I'd say a small $10-$100 million dollar fine (don't know yet what the fine will be?), in exchange for $12.5 Billion Dollar gain, is a great deal… at least for Goldman.
The fact that the SEC waited until the very day after OPEX to do this does suggest that they were colaborating on this but surely the very real harm being done to the “good” standing of Goldman makes it difficult to think that they would self harm in such a way, surely?
I've been wrong many times before, but the fake print I got weeks ago tells me the target is around 107.38 spy. I won't be going long until that target area is reached.
Red I don;t think we will go down to 107 this time. I think the bottom will be 115 to 117 and then a rally to new highs. June July is a different story
I've been wrong many times before, but the fake print I got weeks ago tells me the target is around 107.38 spy. I won't be going long until that target area is reached.
Red I don;t think we will go down to 107 this time. I think the bottom will be 115 to 117 and then a rally to new highs. June July is a different story
What do you mean by “self harm”? Goldman will get a small fine of a few million dollars, and that's about it. They just pocketed the difference between what they sold their stock for, and what they can now buy it back for.
That one day wiped out $12.5 Billion Dollars of gains, that took them about 2 months to make. They sold their stock to the un-suspecting public, at the highs, during the last 2 months.
They get to keep the $12.5 Billion as profit, because now they can go buy that same stock back for a much cheaper price, from the same people they sold it to.
I'd say a small $10-$100 million dollar fine (don't know yet what the fine will be?), in exchange for $12.5 Billion Dollar gain, is a great deal… at least for Goldman.
I posted a Boatload of charts. Indicators, not specific trade ideas….go with the flow. My favorite is the Fear Factor, screen cast herein
http://screencast.com/t/NzUxNmFhZ
http://oahutrading.blogspot.com/2010/04/boatloa…
Vix/VXV is very cool chart.
The Pound is getting pounded
Total market has a beautiful reversal set of candles
Stop by and comment please
NQ is weak while ES is bouncing a little. Volume on futures is very large compared to the average Sunday afternoon.
The fact that the SEC waited until the very day after OPEX to do this does suggest that they were colaborating on this but surely the very real harm being done to the “good” standing of Goldman makes it difficult to think that they would self harm in such a way, surely?
I've been wrong many times before, but the fake print I got weeks ago tells me the target is around 107.38 spy. I won't be going long until that target area is reached.
Red I don;t think we will go down to 107 this time. I think the bottom will be 115 to 117 and then a rally to new highs. June July is a different story
sad red very sad. If there is so much money in trading then I think companies like starbucks should have an investment arm for trading. LOL
I've been wrong many times before, but the fake print I got weeks ago tells me the target is around 107.38 spy. I won't be going long until that target area is reached.
Red I don;t think we will go down to 107 this time. I think the bottom will be 115 to 117 and then a rally to new highs. June July is a different story
sad red very sad. If there is so much money in trading then I think companies like starbucks should have an investment arm for trading. LOL
http://news.yahoo.com/s/ap/20100417/ap_on_bi_ge…