Posted on 05/04/2010 1:42:00 PM PDT by blam
The Dow finished down 2.02% today.
The S&P 500 finished down 2.38%.
Nasdaq finished down 2.98%.
Goldman Sachs finished down 0.03% today, and was trading in the positive most of the day.
Go figure.
WOW!
That happened to you too?
Aren't the GS 'boys' running this government? What do you expect?
Didn’t Microsoft survive? Hell, there are plenty of Goldman Sachs guys on Obama’s staff. I think this whole prosecution of Goldman is a scam to push for the financial reform bill.
rumors of that IPO coming on Greek State Railways...
The PPT will be working overtime this week.
You got it. But they have to bail out Greece and are running low.
Must be a Toyota... (sarcasm off)
The most lucrative and legal investment these days is my 401K loan.
If I lose 50% muscle mass from my peak fitness level, and I gain 2% month over month for 9 months from the low muscle mass month, where am relative to the peak? Answer: less than 60%.
Numbers and especially usage of an index can be abused in a political setting. The ISM is using an index to measure relative performance. What matters is the activity relative to capacity and ISM is not using that. I am not saying that ISM is using their index for political purposes, but I am saying that politicians can spin their reports.
” Even if they are completely innocent they will go out of business due to being investigated . . . “
1. They are not completely innocent. But they are being investigated to divert public wrath from where it belongs—on the government that caused and benefitted from the problem.
2. The ruling class will sometimes throw members overboard to preserve their power. They will sacrifice the smallest possible number in the most painless possible way. They will never sacrifice a left-wing politician. All other members of the ruling class understand that, in exchange for the benefits of being in the ruling class, the rest of the group gets to sacrifice them to preserve the system that makes them wealthy and powerful.
3. This will always work because in a grossly overregulated society like ours, noone is completely innocent. So anyone can be tagged for sacrifice at any given time.
4. Whoever does time at Goldman will get out soon and make millions writing a book.
5. A good portion of Goldman’s assets will end up in Obama and Nancy’s greedy little hands.
Biz Journalists are a herd, and the leaders of the herd throw darts at a board to determine cause and effect then the heard parrots whatever they say.
If Biz Journalists were really good at the stock market they wouldn't need a job reporting on stocks they would be hanging out with Warren Buffet and eating Chicken Marsala on their yachts.
Black swan says, “Miss me already?”
Well it’s more than the politicians spinning. What passes for financial analysis is equally skewed. Demrat Wall Street CEOs see to the varous indexes and the Onada propaganda organs carry the message.
What angers me is that not one conservative politician is exposing the fraud.
The fraud was taking place long before Obama. with respect to exchange markets, the Federal Reserve is complicit in it.
Oh, I agree. And the “W” administration was right up to its eyeballs in what was going on. But the guy sitting in the hot seat today is The Marxist Onada. The fraud usurped his way into the WH, so he owns it—for the time being.
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