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Reggie Middleton is the personification of the freethinking maverick—the penultimate nonconformist as it applies to macro strategies, investment, and analysis. He uses his background and knowledge in new media, distributed computing, risk management, insurance, financial engineering, real... More
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  • The sell side is pushing with all of their might to inflate the market... 4 comments
    Oct 5, 2009 12:10 PM | about stocks: LEH, BSC, GS
    Yes, Goldman Sachs, the big, powerful, influential Wall Street bank put out a big buy reco on the very same banks that I have called insolvent. You can guess what happened, in damn near real time... First, Wells Fargo, JPMorgan `Attractive' on Earnings Outlook, Goldman Sachs Says - then... Stocks in U.S. Climb as Goldman Upgrades Banks, ISM Index Beats Estimates.  I know I don't carry that Goldman pedigree, you know being a brother from Brooklyn and all. Yet, Goldman and I have disagreed on this very same issue before. Let me refresh your collective memories...

    I was quite suspect of Lehman, among many other investment banks (including Goldman). See "Is Lehman really a lemming in disguise?" (Thursday, 21 February 2008) and Is this the Breaking of the Bear?. Then peruse:

    The esteemed Goldman Sachs did not agree with my thesis. Reference the following graph, and click it if you need to enlarge. Notice the tone, and ultimately the outright inidcation of a fall in the posts from February through April 2008, and cross reference with the rather rosy and optimistic guidance from the esteemed Goldman (Sachs) boys during the same time period, then... Oh yeah, Lehman filed for bankruptcy!!!

    image006.png 

      Now, I'm not saying that I am all that, but I am saying that Goldman is not necessarily all that as well. Or to put it more bluntly, yeah, there are a lot of smart guys over there around Broad and Wall, but there are smart guys all over the city. Intellect is a common commodity. Now, a dearth of conflicted interests is something that is a lot harder to find!!! Calling for such a trait in the Goldman headquarters will result in tumbleweeds rolling through, old western movie style, and echoes bouncing off of the walls amid all of those crickets chirping.

    On that note, seek and ye shall find. See Janet Takavoli tell it like it is. I just love a woman that doesn't bite her tongue. Outright FRAUD! That's what she calls today's baking system. I just love it.  

    Disclaimer: still short the banks mentioned above, at least the ones that haven't filed bankruptcy. I use a "more complex than simplistic" system of hedging, and do not intend for my opinions to be taken as investment advice. See my blog for more on my strategy analysis.
    Themes: banks Stocks: LEH, BSC, GS
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This post has 4 comments:

  •  
    I tried to read Janet Takavoli's article, and got this message:

    "Forbidden
    You don't have permission to access /Yes, Goldman Sachs, the big, powerful, influential Wall Street bank put out a big buy reco on the very same banks that I have called insolvent. I know I don't carry that Goldman pedigree, you know being a brother from Brooklyn and all. Yet, Goldman and I have disagreed on this very same issue before. Let me refresh your collective memories... I was quite suspect of Lehman, among many other investment banks (including Goldman). See on this server.

    Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request. "

    I've noticed that when I try to access articles about Goldman Sachs, a lot of times my browser quits. I know that Mike Morgan, Goldman's #1 Fan, had his web site shut down for weeks in an unexplainable attack or series of attacks. But I've had browser shut-down a lot, on many sites, but many times as I was trying to read a Goldman-related article.

    Is it possible that Goldman is paying staff nerds money to nuke web sites that are spilling the beans about its criminality?

    I know, this sounds paranoid. I'm not losing sleep over it. Has anyone else had a similar experience?
    Oct 05 12:32 PM | Link | Reply
  •  
    www.zerohedge.com/arti...

    try this link.
    Oct 05 12:37 PM | Link | Reply
  •  
    GS needs to pump it, Maybe WFC is looking to sell more shares on the market and is using GS to do it. Zerohedge thinks so, see link also, LOL

    www.zerohedge.com/arti...
    Oct 05 12:46 PM | Link | Reply
  •  
    Hang in there Reggie, justice shall prevail if everyone keeps on it.

    I find the typo baking system rather than banking system quite humorous. Which makes me wonder......intentional or subconscious?
    Oct 06 12:56 AM | Link | Reply
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