basehitz

The Financial Crisis: Nowhere Near Over

“This indicates that Goldie is bearish on both the euro and gold. which hints that Wall Street’s finest are likely betting on a US Dollar rally”

The trade has been dollar up, stocks and commodities down, and vice versa. The inverse correlation was shown clearly by Karl Denninger in a chart here:
“The dollar and S&P 500 correlation . . . in July it became nearly-perfect”
market-ticker.org/arch...

And if Goldie is right on financials bearish bet, the market won’t fight that. Since Goldie’s results last 2 Qs shows they almost never have a losing day trading, you gonna bet against them?

I need to rephrase the author’s following statement:
“Given Goldman’s incredible access to and close relationship with the regulators and federal government”

That should read:
“Given Goldie’s directives to it’s wholly owned subsidiaries, the Federal Reserve and the US Treasury. . . “

$10 Trillion in Wall Street Aid and No Investigations?

Jeff, an informative article. If the villains are prosecuted, the market will sell off. Recall when Worldcom was exposed. It is clear from the last 3 months, that the controlling powers will say or do anything to try to prop up asset values. While the fair thing would be to prosecute the villains, cover-up seems preferred and healing the system is delayed. So the public remains skeptical as shown by anemic trading volume, much of which is just HFT by Da Boyz who caused this implosion. BTW, now that Government Sach's trading program got swiped, is that the equivalent of them having a lobotomy? It seems the success of the "smartest guys in the room" may be more attributable to being a parasite on the market rather than trading acumen. Disgraceful.