Is everyone asleep? This is just a crazy move. Being able to fade your own clients is like having a goose that lays golden eggs (lol i just made a willy wonka reference). I mean how can you possibly lose? Global Alpha down 30% for the quarter, GS profits up 30% all on trading. Hmmmm.... Discuss...
The game: xfer $$$ from global alpha -> GS accounts when good GS earnings needed. Reverse if GS earnings are within excess. That said, long and strong. all time highs breakout.
did you know borat used to be a goldman quant? i read that the other day, cracked me up seriously, without their political connections and capital base, goldman would just be a bunch of nerdy kids mixed in with moral deviants. they wouldn't make a dime at retail
http://en.wikipedia.org/wiki/Sacha_Baron_Cohen After a brief office-work career which included a stint as a quantitative analyst specialising in index arbitrage at investment bank Goldman Sachs[15], Baron Cohen went back into acting, appearing during 2-minute sketches as his fashion reporter Bruno on The Paramount Comedy Channel during 1998. He shot to fame when his comic character Ali G, an idiotic Junglist, started appearing on The Eleven O'Clock Show on Channel 4, which first went to air September 8, 1998.
Excellent Commentary Welcome to the vagaries of the US legal system...and the legal profession as a purposeful and somewhat clandestined well paid ongoing business... If you are big enough money wise....and have the intelligence and leadership.....one can even pay to help form the legal rules of the game.... The difference between insider trading and legal trading can be very fine...and there are very few people knowledgable or wealthy enough to do anything about it... One is not going to win using blabber and government paid g scale lawyers... This is called exploiting opportunities and making money...and has nothing to do with ethics or morals... And again...I am sure most Americans would be very comfortable with the knowledge that even Paulson has millions in his bank in his name made from the subprime loan business.... It is just Wall Street business....and the message should be buyer beware...and be prepared to compete against these people....if you want to play the game...
shorting is now a dirty word. we've all become so numb to risk there's no price thats too high. look at pot $34-$113 in a year. 44 p/e and 8 times sales. $36 bil cap for a commodity fertilizer maker. de up 100% in 12 months. i can name 100 stoggy old line industrials up 100-200% in the past 2 years. in many regards this puts the 90's to shame
They won't loose, not with their man Paulson at the treasury. Goldman would slit their own childs throat to make a buck.