Goldman Writes A Letter To Clients: ‘I Believe You Sell-The-Rallies Rather Than Buy-The-Dips’
Funny thing about Goldman.
Over the course of last decade, the public has had it beaten into their heads that the folks at 200 West are engaged in some kind of vast, global conspiracy straight out of an Austin Powers sequel aimed at perpetuating regulatory capture and installing former employees in positions of power across the world in an effort to influence policy at the highest possible levels.
And you know what? That narrative isn't entirely false. In fact, there's a lot of truth to it. T
Which leveraged ETF collapses first? Carl Icahn was on TV last week saying the market collapses eventually due to leveraged funds?
One of your most articulate preambles; well done. Similar logic is the basis of the Principal-Agent problem aspect of Public Choice theory, which I also think is largely valid.
Flat to down 1%?? Seems like the squid should have been able to manage better than that.
Get what you are saying, but try this one some time. “We were just having a drink after work honey. She doesn’t mean anything. You know you can trust me”