Ian Wyatt

Never Short Goldman Sachs

Yesterday, investors have spoke loud and clear. And they said “If it comes down to Goldman Sachs (NYSE:GS) vs, SEC, I’m betting on Goldman.”   

 

And why not? Goldman is all-powerful. It’s #2 on my “never short” list, after Apple and before Google.   

 

Goldman has proved its ability to stay ahead of the curve. It survived numerous lawsuits and a $110 million settlement with the New York Attorney General for IPO fraud during the Internet bubble.  

 

Most recently, the accusations that inflated price projections and a huge oil trading desk at Goldman were behind crude oil’s run to all-time highs didn’t have any effect on the company. 

Why should this little matter with the SEC over taking advantage of the housing bubble be any different? 

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Ian Wyatt

Earnings Season

Finally. Greece has been offered a lump-sum loan by the European Union. It’s been obvious for weeks that this needed to happen. Now that it has, at least we can look forward to not reading about this saga every day.   

 

A month ago, this Greek bailout might have been a significant catalyst for the stock market. Now, after the seemingly endless back and forth, there’s not much impact beyond a rally for Greek banks and bonds.   

 

From a trading perspective, the Greece news is being overshadowed be earnings season… 

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