It’s podcast time again. Yesterday, I grabbed StockTwits CEO John Melloy, formerly of CNBC and Bloomberg. I wanted his perspective on whether or not Bloomberg can be killed. It’s a topic that resurfaces every time a new technology enters the market that makes terminals seem useless — or terminally ill if you will. First it …
Tagged: Goldman Sachs
Deep market Thoughts…Fannie Mae's Magic Act is OVER!
Not much to say about the shittkicking that the financials took today other than…duh! Goldman ANALysts took a few moments away from adding up their bonuses to declare Citibank a ‘sell’. That’s just humorous at this point. If you expect more from research at this level, you are VIC . Elsewhere in financial hell, CountryWide …
If it acts like a Meltdown…
Other than Goldman Sachs (which I ahave no position), we are in meltdown mode. Actually, Starbucks is up :) . It sucks. I have some piss in the wind SPY puts but maybe 10 percent coverage. I am just giving back some meaty gains that had been accumulating. Stops that I did not feel would …
Merrill Lynch = Enron ?
So Merrill Lynch is being tried by the public markets today (and losing bad) for parking off balance sheet mortgage and other real estate packaged crap at hedge funds. It’s not proven, but you know they do this stuff. I am looking for paper shredder stocks, because they must be flying off the shelves in …
Gold, Oil, Tech, China and a Weak US Dollar = Goldman Sachs Profits
Gold at $800, Oil above $93, Tech on fire, China in a boom of histrorically epic proportions and the US Dollar imploding…based on these headlines, it makes sense that Goldman Sachs hit all-time highs today. Here’s why…they trend follow. They pile on. They stick you with the mistakes. The ‘credit crunch’?…Peeshaw…just a nuisance to Goldman. …
Goldman Sachs…A Historic Day for Capital Markets
A very interesting/exciting day indeed. Google, Goldman Sachs, China, and the Dow/S&P are at all-time highs. Oil and Gold are pretty much there as well. Shipping companies too. It also ‘feels’ that EVERYBODY is short. The bears think what we are seeing can’t be happening. Wasn’t Goldman Sachs (GS) just bailing themselves out almost 80 …
Just Too Giddy…and a Reminder!
Semiconductors just suck balls in this rally and I have had a great run in Nvidia (NVDA) so am getting rid of it today. That sector is just too aggravating. Traders will be saying the same thing 5 years from now on homebuilders. Dead cyclicals are dead cyclicals. I would love to see some more …
Goldman AND Baidu…Oppposite Directions for NOW!
I gave Goldman Puts and the stock is down $3 and Baidu (long) is up $9 on news of a video deal. A nice birthday market open. SINA, SOHU, SNDA and FMCN are other China stocks flying. In the end, Goldman Sachs will be the big winner in China so it pays to keep it …
Big Day for Bulls?
Yes! Until it isn’t. I am watching Goldman Sachs right now. I bolted at $178 per market on the rate cut announcement. The stock now closed a few weeks later above the $178 at $180. It could preannounce and open at $150 tomorrow, but are we not expecting that? Is that not facored in? I …
Goldman Sachs…IN
I added a half position in Goldman Sachs today and in the 140’s would add more. Buying the best financials when guys like me are making fun of them has always been the right thing to do. Goldman is like Danny Ainge. You hate them until they are on your team. Down 30 plus percent …