Perhaps their clients smell mark-to-market on the horizon.
Goldman Sachs is selling on behalf of another company. I think it is the pne that owns ViacomCBS.
Silver
Gamers owning some of the ~100 million stocks of GME and AMC
discovered that Goldman and their conspirators of Capitol
and Wall St had counterfeited a few billion shares for
“naked” shorting which they hid on the OTC exchange. <- ***
And over the years they had been fined about $60,000 fines
by the conspiring SEC (whose wife leads the investigations?
you won’t believe) who looked the other way for decades.
Sort of like an automobile store selling cars it does
not own ... being ignored by the state,
but finally caught and exposed by the People.
Seems like a hedge fund is liquidating a lot of money for a huge movement.
Some have speculated it has to do with shorts on the market.
I don’t believe the story that some fund faced a margin call. The market indexes are pretty much at or near their all time high. I don’t know the individual stocks involved but hard to believe they have diverged from the indexes all that much. Selling them on a Friday is a good choice, eliminate the risk of holding over the weekend. Lots of crazy stuff can happen.
If I had to guess, the seller thinks it is time to cash out. There will be better opportunities and other markets in the future. Cash on the sidelines is rarely a bad thing. Or maybe they want to push all in on something else. What can you buy with $10 billion? A lot of just about anything.
Twenty-five years ago, $10.5 billion would be about one third of the Fidelity Magellan mutual fund, which was the largest one in existence. Now, $10.5 billion is a fart in a hurricane. This looks like some basic profit-taking.
The big boys always get the heads up. Because they most likely create the problem. And they know Biden will bail out every one Add to that these trillions of printed dollars are going to them first and they will have a chance to turn it to hard assets before everything crashes down. But on the bright side... We’ll all be millionaires...
This might be because of the ship run aground in the Suez. A lot of companies are gonna default on deliveries. And, unless the “God did this” clause kicks in their being late is their problem. It might well be that stock is being sold in companies that are going to go under.
As to “do I care?”. Ell no. The delay in delivery is only going to hurt globalists and EU guv’mts. Tough. US trade comes across the pacific and thru the Panama canal.
an extraordinary spree of selling that erased $35 billion from the values of bellwether stocks ranging from Chinese technology giants to U.S. media conglomerates.
******* just wow
Dumping before the market dive?.
The Biden tribe has a lot of people real nerves now.
It’s not a panic if you’re the first one out the door.
Yes. i haven’t been doing well after Biden so i’m all in cash.
That’s a cash lock based on a no-breakthrough ceiling viz the horizon look to Xiden’s Q3 Recession. It’s all gonna crash on or around the usual date — within 14 days after Sept. triple-witching.