will market fall on Goldman today ?

Discussion in 'Trading' started by Warrior4g, Mar 19, 2008.

  1. market shot up yesterday mainly because of Goldman Sachs earnings and more importantly the ceo's statement that their "liquidity remains strong". well,tell me why a report came out this morning that Goldman used the fed's discount window late yesterday. if their liquidity is strong,why would they need access to the fed? i said late last week after Chris Cox,the head of the sec issued a bold faced lie stating that bear stearns was in good shape as well as the bear ceo saying the same thing,that credibility issues will now plague this market. now we have Goldman Sachs up to its neck in bs. as a trader i just go with the flow but looking under the markets hood,it should be a atark reminder as why holding overnight is just a bad idea in this environment.
    my 2 cents
  2. Banks are screwed. Bankers are liars. And the rally we had yesterday, was a reaction to the rate cut, and wasnt a sign that everything is alright. Enough said.
  3. i agree that goldman moved the markets more than the fed.the market opened up 200 on the goldman news.
  4. A man wearing gold does not need to wear gold, unless he want to impress you. And men can also steal their gold.
  5. i don't know what the hell that means but it sounds deep so i will use that saying today.